Nonbank Financial

The Consumer Financial Protection Bureau moved for dismissal regarding multiple claims cited in a lawsuit challenging the legality of its final rule prohibiting medical debt information from being considered in credit decisions. Read on »

In the agency’s latest announcement regarding its enforcement and supervisory priorities, the Consumer Financial Protection Bureau said it will not prioritize oversight of “Buy Now, Pay Later” (BNPL) loan providers. The bureau also is considering further action related to its new policy position on BNPL products. Read on »

If you have ever wondered how artificial intelligence stuff works, you are not alone. Listen and learn as author and futurist Brian Carter discusses one of the biggest tech revolutions in decades on the Keys to Real Estate podcast and why he believes it is more than just hype. Be sure to catch his presentation at the 2025 National Settlement Services Summit in Pittsburgh. Read on »

As financial technology and digital assets remain ever-growing factors in the financial services industry, trade organizations continue to increase efforts to advocate for new policies to help their members remain competitive. Read about some of the latest developments with respect to this topic and more in this roundup. Read on »

Most revolutionary innovations in human history have followed a similar pattern. There is an immediate surge of astronomical expectations followed by a proverbial trough of disillusionment. The latter is where Keith Fulton, chief data officer at Jack Henry, believes artificial intelligence (AI) currently resides. But, soon enough, he predicts it will revolutionize industry in much the same way “iron horses,” also known as “trains,” did in the 1800s. Read on »

The Consumer Financial Protection Bureau dropped its appeal in a case in which PayPal Holdings, Inc., challenged a 2019 rule extending fee disclosure requirements for prepaid card products to digital wallets as well. Read on »

Another chapter was written in the ongoing legal saga concerning the embattled Consumer Financial Protection Bureau last week. Shortly after a federal court partially lifted a court order preventing mass firings at the bureau, the Trump administration resumed its plans to gut the agency, prompting the courts to intervene again. Read on »

The Consumer Financial Protection Bureau announced it will not prioritize enforcement or supervisory actions pursuant to its regulation requiring nonbank financial institutions caught violating the law to register with the bureau. Read on »

The U.S House passed two measures nullifying rules finalized by the Consumer Financial Protection Bureau under the Biden-Harris administration with strong support from Republicans. The resolutions of disapproval targeted the bureau’s rule capping overdraft fees and its larger participant rule, applying to large digital payment providers. Read on »

A litany of longstanding disagreements about how to increase accountability at the Consumer Financial Protection Bureau (CFPB) while still enabling it to carry out its statutory mission came to light during the House Financial Services Committee’s hearing titled, “A New Era for the CFPB: Balancing Power and Reprioritizing Consumer Protections.” Read on »