Consumer Protection

Federal Reserve Chair Jerome Powell appointed a new leader of the Fed Office of Inspector General, who will have oversight of the Consumer Financial Protection Bureau as well. Days later, the Fed announced its intent to investigate efforts to make massive staff cuts at the bureau ahead of his arrival. Read on »

The U.S. Senate confirmed a new deputy secretary of the U.S. Department of Housing and Urban Development (HUD) with a vote of 51-43. He previously served as HUD chief of staff under former HUD Secretary Ben Carson. Read on »

The Consumer Financial Protection Bureau singled out rulemakings pertaining to its Loan Originator Compensation (LO Comp) rule and mortgage servicing rules for review by the Office of Management and Budget. The inclusion of the word “rescission” in the official title listed for the LO Comp rulemaking has raised questions among legal experts. Read on »

The Consumer Financial Protection Bureau asked a federal court to vacate the agency’s data privacy rule, implementing Sec. 1033 of the Dodd Frank Act. The bureau’s arguments against its own rule paralleled those expressed by its most ardent detractors. Read on »

The state of New York approved a series of consumer protection laws targeting exploitative corporate practices as part of its 2026 budget package. Among the notable portions of the legislation is its establishment of state-level oversight for Buy Now, Pay Later lenders. Read on »

A myriad of trade advocates emphasized their support for legislation seeking to impose a widely supported prohibition on “trigger leads,” sold by credit agencies when consumers apply for residential mortgage loans, in letters to House committee leaders. Read on »

A clean energy trade organization has filed a legal complaint in federal court targeting Consumer Financial Protection Bureau leadership and the agency’s Property Assessed Clean Energy final rule, claiming it will harm its members. Read on »

The volume of guidance withdrawn by the Consumer Financial Protection Bureau’s in May has raised many eyebrows among regulators, attorneys and financial professionals. One of the most notable examples is an interpretive rule concerning states’ ability to enforce federal consumer protection laws against national banks and federal savings associations. Read on »

The Consumer Financial Protection Bureau and the Department of Justice filed a motion in U.S. District Court to terminate a 2021 consent order with a Jacksonville, Miss., lender which was accused of redlining. The order was scheduled to expire in October 2026. Read on »

The Consumer Financial Protection Bureau added to mounting criticism claiming it is more focused on serving the interests of big business than protecting consumers after the agency withdrew its notice of proposed rulemaking (NPRM), “Protecting Americans from Harmful Data Broker Practices (Regulation V).” Read on »