Baltimore Drops CFPB Funding Lawsuit
Baltimore Drops CFPB Funding Lawsuit Last week, the city of Baltimore voluntarily dropped its lawsuit challenging the Trump administration’s efforts to defund the Consumer Financial Protection Bureau (CFPB). The city is represented by Democracy Forward, a left leaning...
CFPB Proposes Rescinding Nonbank Supervision Registry Rule
CFPB Proposes Rescinding Nonbank Supervision Registry Rule The Consumer Financial Protection Bureau (CFPB) recently proposed a rescission of its rule requiring nonbank financial firms to register with the agency if they are subject to any court order or regulatory...
New York Budget Includes Strict Licensing for BNPL Companies
New York Budget Includes Strict Licensing for BNPL Companies Earlier this month, New York state introduced legislation that imposes strict licensing requirements and other rules on Buy Now, Pay Later (BNPL) products as part of Governor Kathy Hochul’s new budget, which...
CFPB Rescinds Nearly 70 Pieces of Guidance
CFPB Rescinds Nearly 70 Pieces of Guidance The Consumer Financial Protection Bureau (CFPB) recently withdrew 67 pieces of prior guidance, including those regarding overdraft fees, BNPL, fair lending, earned wage access programs, and more. Acting CFPB Director Russell...
