• 05.20.24

    Challenging the CFPB After CFPB v. CFSA

    On May 16, 2024, the United States Supreme Court issued its long-awaited opinion in Consumer Financial Protection Bureau v. Community Financial Services Association of America, Ltd., holding that the CFPB’s unique funding mechanism does not violate the Appropriations Clause of the ...

  • 05.03.24

    CFPB Acts Against Mortgage Servicing Fees

    On April 24, 2024, the Consumer Financial Protection Bureau (CFPB) continued its assault on fees in the consumer finance industry.

  • 02.21.24

    CFPB Revises Supervisory Appeals Process

    On February 16, 2024, the Consumer Financial Protection Bureau (CFPB) issued a procedural rule revising its supervisory appeals process for the first time since 2015.

  • 11.14.23

    What the Injunction Against the CFPB’s Small-Business Data Collection Rule Means for You

    On October 26, a Texas District Court issued an expanded injunction preventing the CFPB from implementing and enforcing its small-business data collection rule issued under Section 1071 of the Dodd-Frank Act, so that it now benefits all companies subject to the rule.

  • 11.08.23

    CFPB Proposes Data Rights Rule to Accelerate the Shift to “Open Banking”

    On October 19, the Consumer Financial Protection Bureau (CFPB) issued its highly anticipated notice of proposed rulemaking to implement Section 1033 of the Dodd-Frank Act.

  • 09.14.23

    CFPB Loses Major UDAAP Case

    On September 8, 2023, the U.S. District Court for the Eastern District of Texas issued an opinion and order vacating a March 2022 anti-discrimination update to the UDAAP section of the Consumer Financial Protection Bureau’s (“CFPB” or “Bureau”) Supervision and ...

  • 09.11.23

    The CFPB’s Summer 2023 Supervisory Highlights

    The Consumer Financial Protection Bureau’s (CFPB or Bureau) Summer 2023 Supervisory Highlights, which discusses key examination findings between July 2022 and March 2023, underscores the Bureau’s continuing aggressive interpretations of its authority.

  • 05.10.23

    Colorado’s Attempt to Prevent State Banks From Exporting Home State Interest Rates May Fail

    The Colorado legislature proposed HB 23-1229, which would, among other things, opt the state out of Sections 521 to 523 of the Depository Institutions Deregulation and Monetary Control Act, thereby seeking to prevent federally insured state-chartered banks from lending in Colorado at the rates ...

  • 01.23.23

    CFPB Lawsuit Against Subprime Auto Lender Seeks To Regulate Through Enforcement

    On January 4, 2023, the Consumer Financial Protection Bureau and New York Attorney General filed a complaint in the Southern District of New York against a Michigan-based subprime indirect auto lender accusing it of misrepresenting the true cost of credit and improperly incentivizing dealers to ...

  • 11.21.22

    The CFPB’s Fall 2022 Supervisory Highlights—Key Findings and Takeaways

    On November 16, 2022, the Consumer Financial Protection Bureau released its Fall 2022 Supervisory Highlights.

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