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The CFPB, under former Director Rohit Chopra, regularly engaged in regulatory overreach, the Bureau's current leadership said in its semi-annual report, covering the period from April 1- September 30, 2024.

ECOA-compliant SPCPs, the Bureau does not determine or provide preapproval regarding whether individual programs qualify for SPCP status.

The CFPB has issued an approval order through its Compliance Assistance Sandbox Policy to Payactiv in connection with its earned wage access program.

The CFPB is considering proposing amendments to Regulation V, which implements the Fair Credit Reporting Act (FCRA).

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

We're pleased to offer an early preview of an upcoming episode of the Consumer Finance Monitor Podcast—and this is one you won't want to miss.

The Federal Reserve is requesting comments on a proposal to remove reputation risk from the supervision of banks it oversees. Comments on the Fed proposal are due April 27, 2026.

An ex parte temporary restraining order has been issued against the participants in a debt relief services scheme that allegedly targeted seniors...

The Department of Housing and Development is seeking information about the impact that the frequent use of Buy Now, Pay Later (BNPL) products may have on borrowers' ability to meet housing-related expenses...

A year into President Trump's second term, policy signals from Washington are increasingly influencing capital allocation, underwriting assumptions, and sector-level opportunity.

New York Attorney General Letitia James has sued payday lenders MoneyLion Inc. and DailyPay Inc. in New York state court, alleging that the two companies took advantage of tens of thousands of New Yorkers.

The OCC has removed "reputational risk" from its handbooks and guidance and the FDIC is moving to do the same.

We are releasing today on our podcast show a repurposed webinar which we produced on May 13, 2025 entitled "What is happening at the federal agencies (other than the CFPB) that is relevant to the consumer...

As previously reported, last year the U.S. Department of Veterans Affairs (VA) launched a Veterans Affairs Servicing Purchase (VASP) program...

We are releasing today on our podcast show a repurposed webinar that we produced on June 11, 2025 entitled "What is happening at the federal agencies that is relevant to the residential mortgage and settlement service...

California Attorney General Xavier Becerra, a 12-term member of Congress, has been nominated to lead the Department of Health and Human Services.

On February 13, 2025, FinCEN issued an order granting exceptive relief for covered financial institutions from certain Customer Due Diligence ("CDD") requirements for new account openings.

MBaer Merchant Bank AG ("MBaer") was recently designated a "primary money laundering concern" by the U.S. Department of the Treasury's Financing Crimes Enforcement Network ("FinCEN")...