News & Analysis as of July 24, 2025

Biden Administration

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CFPB seeking to reverse Townstone settlement, saying bureau ‘abused its power’

Ballard Spahr LLP on 3/28/2025

Saying that the bureau under the Biden Administration abused its power, the CFPB is seeking to reverse its settlement with Townstone Financial....more

President Biden Vetoes Congressional Review Act Disapproval of CFPB’s Small Business Lending Data Collection Rule

Sheppard Mullin Richter & Hampton LLP on 12/29/2023

On December 19, President Biden vetoed the joint resolution (S. J. Res. 32) the US Senate and House of Representatives passed under the Congressional Review Act that would have repealed the CFPB’s small business data...more

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Small Business › Regulation B › Biden Administration

CFPB seeking to reverse Townstone settlement, saying bureau ‘abused its power’

President Biden Vetoes Congressional Review Act Disapproval of CFPB’s Small Business Lending Data Collection Rule

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