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21 hours ago | 
jdsupra.com | Stefanie Jackman |Jesse Silverman |Lori J. Sommerfield
Today, the Consumer Financial Protection Bureau (CFPB or Bureau) published a policy statement in the Federal Register outlining its approach to addressing criminally liable regulatory offenses. This publication comes in response to Executive Order 14294, issued by President Trump on May 9, 2025, which aims to combat overcriminalization in federal regulations.
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1 day ago | 
jdsupra.com | Stefanie Jackman |Jesse Silverman |Chris Willis
On June 20, the Consumer Financial Protection Bureau (CFPB or Bureau) filed a statement of interest in support of converting the bankruptcy case of Synapse Financial Technologies, Inc. from Chapter 11 to Chapter 7, rather than dismissing it. This move comes amidst concerns over significant consumer harm stemming from Synapse’s alleged unfair practices in managing funds across its network of partner financial institutions.
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1 week ago | 
jdsupra.com | Stefanie Jackman |Joseph Reilly |Jesse Silverman
The Consumer Financial Protection Bureau (CFPB or Bureau) published in the Federal Register an interim final rule extending compliance dates for its 2023 small business lending rule under the Equal Credit Opportunity Act (Regulation B) (Final Rule) This extension comes in response to court orders in ongoing litigation, affecting the timeline for financial institutions to comply with data collection requirements for women-owned, minority-owned, and small businesses.
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1 week ago | 
openlegalblogarchive.org | Stefanie Jackman |Joseph Reilly |Jesse Silverman |Lori J. Sommerfield
Today, the Consumer Financial Protection Bureau (CFPB or Bureau) published in the Federal Register an interim final rule extending compliance dates for its 2023 small business lending rule under the Equal Credit Opportunity Act (Regulation B) (Final Rule) This extension comes in response to court orders in ongoing litigation, affecting the timeline for financial institutions to comply with data collection requirements for women-owned, minority-owned, and small businesses.
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1 month ago | 
jdsupra.com | Stefanie Jackman |Jesse Silverman |Lori J. Sommerfield
On May 15, the Consumer Financial Protection Bureau (CFPB or Bureau) officially rescinded its May 2022 interpretive rule concerning the scope of state enforcement authority under § 1042 of the Consumer Financial Protection Act of 2010 (CFPA). According to the CFPB, this decision restores statutory limits on states’ authority and aligns enforcement actions with the original legislative intent of the CFPA.
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1 month ago | 
openlegalblogarchive.org | Stefanie Jackman |Jesse Silverman |Lori J. Sommerfield |Chris Willis
On May 15, the Consumer Financial Protection Bureau (CFPB or Bureau) officially rescinded its May 2022 interpretive rule concerning the scope of state enforcement authority under § 1042 of the Consumer Financial Protection Act of 2010 (CFPA). According to the CFPB, this decision restores statutory limits on states’ authority and aligns enforcement actions with the original legislative intent of the CFPA.
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1 month ago | 
openlegalblogarchive.org | Jason Cover |Mark J. Furletti |Stefanie Jackman |Jesse Silverman
On May 14, the Consumer Financial Protection Bureau (CFPB or Bureau) published a proposed rule to rescind amendments to its Procedures for Supervisory Designation Proceedings, originally adopted in 2022 and 2024. This proposal marks a significant shift in the Bureau’s approach to supervising nonbank entities. Public comments on the rescission will be accepted until June 13, 2025.
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1 month ago | 
jdsupra.com | Jason Cover |Stefanie Jackman |Jesse Silverman
Yesterday, the Consumer Financial Protection Bureau (CFPB or Bureau) released a proposed rule to rescind its previous regulation requiring nonbank entities to report certain agency and court orders to a Bureau registry. The rule, initially adopted on July 8, 2024, mandated nonbank covered persons to disclose final public orders related to consumer financial products or services.
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1 month ago | 
jdsupra.com | Stefanie Jackman |Jesse Silverman |Lori J. Sommerfield
The U.S. Department of the Treasury announced President Trump’s intent to nominate Jonathan McKernan as the Undersecretary of Domestic Finance.
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1 month ago | 
jdsupra.com | Stefanie Jackman |James Kim |Jesse Silverman
The U.S. Court of Appeals for the District of Columbia Circuit issued an order temporarily halting the Consumer Financial Protection Bureau’s (CFPB or Bureau) mass layoffs. The court granted an emergency motion to enforce or clarify its previous order, reinstating the preliminary injunction that prevents the CFPB from executing reductions in force (RIFs). BackgroundAs discussed here, Judge Amy Berman Jackson previously barred the CFPB from terminating employees except for cause.
