Dec 10, 2025 | Federal Regulation, News
Senior CFPB Official Resigns, Citing No Path Forward for Enforcement Program The Consumer Financial Protection Bureau’s principal deputy enforcement director, Michael Salemi, announced his resignation last week, becoming the third enforcement leader to depart the...
Dec 3, 2025 | Federal Regulation, News
State Attorneys General Press Major BNPL Firms for Lending Details Seven state attorneys general last week launched a multistate inquiry into leading Buy Now, Pay Later (BNPL) lenders, sending formal inquiries to companies including Affirm, Klarna, PayPal, Afterpay,...
Nov 25, 2025 | Federal Regulation, News
CFPB Shifts Active Litigation to DOJ As Funding Runs Dry Last week, the Consumer Financial Protection Bureau (CFPB) announced it will transfer its remaining enforcement and litigation duties to the U.S. Department of Justice (DOJ) amid what it described as an imminent...
Nov 19, 2025 | Federal Regulation, News, Online Lending
Appeals Court Clears Way for Colorado to Enforce Interest Rate Caps on Out-of-State Loans Last week, Colorado secured a major legal victory allowing the state to enforce its 36 percent interest rate cap on consumer loans made to residents, even when those loans...
Nov 12, 2025 | Federal Regulation, News
Trump Administration Says CFPB May No Longer Legally Request Funds from Federal Reserve, Setting Tentative Shutdown Date of Early 2026 The Trump administration has officially determined that the Consumer Financial Protection Bureau (CFPB)’s current funding mechanism...
