Trump Administration, Administrative Procedure Act, Consumer Financial Products

DOJ lawyers, National Treasury Employees Union attorney square off in appeals court over CFPB firings

Ballard Spahr LLP on 5/21/2025

Despite massive attempted layoffs and cancellation of third-party vendor contracts, the Trump Administration did not and does not intend to shut down the CFPB, a Justice Department attorney told a federal appeals court on...more

CFPB won’t prioritize BNPL enforcement

Ballard Spahr LLP on 5/12/2025

The CFPB will not make enforcement of its Buy Now, Pay Later rule a priority, according to a recent statement....more

CFPB plans to revoke BNPL interpretive rule

Ballard Spahr LLP on 3/31/2025

The CFPB intends to revoke its Buy Now, Pay Later interpretive rule, according to a status report and joint motion to stay filed by the Bureau and the Financial Technology Association (FTA) in a case brought by the FTA...more

CFPB inaction harming state consumer protection efforts, Democratic AGs allege in amicus brief

Ballard Spahr LLP on 3/12/2025

The Trump Administration’s efforts to “effectively shutter the CFPB” amounts to a “total dereliction of all mandatory statutory duties,” that will harm state consumer protection efforts, Democratic state attorneys general...more

Federal Judge Issues Order Prohibiting Massive Layoffs, Budget Cuts at CFPB Pending Ruling on Motion for Preliminary Injunction

Ballard Spahr LLP on 2/19/2025

A federal judge has issued an order temporarily prohibiting the Trump Administration from imposing mass layoffs and budget cuts at the CFPB....more

City of Baltimore and National Treasury Employees Union file separate suits to keep the CFPB funded and operating

Ballard Spahr LLP on 2/17/2025

Accusing the CFPB of planning to use its funding mechanism to abolish the agency, the mayor and the city council of Baltimore (the “City of Baltimore”) and the Economic Action Maryland Fund (the “Economic Fund”), a nonprofit...more