Dec 10, 2024 | Federal Regulation, Litigation, News
Federal Judge Upholds Order Blocking CFPB’s Cap on Credit Card Late Fees Earlier this month, federal Judge Mark Pittman of Fort Worth decided to uphold an injunction he issued in May blocking the Consumer Financial Protection Bureau’s (CFPB) $8 cap on credit...
Dec 4, 2024 | Federal Regulation, News
CFPB Payday Lending Rule to Take Effect March 30, 2025, Appeals Court Determines Last week, a panel of the Fifth U.S. Circuit Court of Appeals set March 30, 2025 as the effective date of the Consumer Financial Protection Bureau’s (CFPB) payday lending rule. The rule...
Nov 27, 2024 | Federal Regulation, News
Trump Names Scott Bessent as Treasury Secretary Last week, President-elect Donald Trump named billionaire investor Scott Bessent as Treasury Secretary, likely positioning Bessent to be the key leader of Trump’s economic team. As in his previous administration, Trump...
Nov 25, 2024 | Federal Regulation, News
Regulators Largely Pausing New Rules Until Next Administration Three top financial regulators, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corp. (FDIC), and the Federal Reserve (Fed) recently told the House Financial Services...
Nov 12, 2024 | Federal Regulation, News
CFPB Under Incoming Trump Administration Likely to Roll Back Credit Card and Banking Rules The Consumer Financial Protection Bureau (CFPB) will likely reverse several of its Biden-era rules and scale back its regulatory agenda after President-elect Donald Trump...
Oct 31, 2024 | Federal Regulation, News
CFPB Finalizes Rule on Personal Financial Data Rights The Consumer Financial Protection Bureau (CFPB) recently finalized its Personal Financial Data Rights Rule which it says is designed to give consumers greater privacy, security, and rights over their personal...
