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On November 21, the CFPB announced changes to how its Supervision Division will conduct examinations, including a new "Humility Pledge" that examiners must read to supervised entities at the start of each review.

According to news reports, on January 29, senior officials at the Consumer Financial Protection Bureau announced internally that the agency will significantly reduce its supervisory examinations and conduct all reviews virtually.

On February 19, a federal magistrate judge for the United States District Court for the Southern District of Florida issued a report and recommendation rejecting a trade group's challenge to the CFPB's small business...

On July 12, the CFPB issued a consent order against a FinTech company for facilitating point of sale financing activities without authorization from consumers.

The CFPB's concern with the experience of student borrowers is in line with a number of enforcement actions pursued by the Bureau against post-secondary schools.

On April 11, the CFPB filed a joint motion in the U.S. District Court for the District of Columbia indicating its intent to revoke an advisory opinion on medical debt collection.

The CFPB has announced plans to withdraw its May 2024 interpretive rule that subjected buy-now, pay-later (BNPL) products to regulations applicable to credit cards under the Truth in Lending Act (TILA).

On January 3, 2025, the CFPB announced a reboot of its no-action letter and compliance assistance sandbox policy...

The CFPB updated its Supervision and Examination Manual by adding a new section titled Compliance Management Review – Information Technology.

On April 16, the Colorado General Assembly enacted House Bill 25-1201, replacing the state's prior money transmitter law with the Money Transmission Modernization Act (the "Act").

The Paycheck Protection Program ("PPP"), as enacted under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, provides federally-guaranteed loans up to a maximum amount of $10 million to qualified businesses.

On September 24, the Connecticut Department of Banking entered a consent order with a lender that offered advances based on anticipated personal-injury recoveries.

Contractual jury waivers are no longer valid in California.

On April 28, the U.S. Court of Appeals for the D.C. Circuit reinstated a district court order blocking the CFPB from conducting a large-scale reduction in force (previously discussed here).

On Friday, Judge Amy Jackson of the United States District Court for the District of Columbia granted a preliminary injunction sought by the National Treasury Employees Union, over efforts by Acting Director Russell Vought to shutter the agency.

On February 11, the California DFPI issued an opinion letter in response to an EWA provider's request for a specific ruling from the DFPI about whether the company's EWA solution is subject...

On December 16, the DFPI announced that it is extending the deadline for CFL licensees to transition onto NMLS until March 15, 2022.

On June 8, the DFPI announced that it had entered into a consent order with a commercial equipment lender, requiring the company to pay $4 million penalty and provide borrower refunds.