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Consumer Financial Protection Bureau and the Department of Justice Withdraw Joint Statement on Fair Lending and Credit Opportunities for Noncitizen Borrowers
CFPB and Justice have withdrawn a joint statement linked to a creditor’s consideration of an individual’s immigration status under the Equal Credit Opportunity Act.
Agencies Announce Dollar Thresholds for Applicability of Truth in Lending and Consumer Leasing Rules for Consumer Credit and Lease Transactions
The CFPB and the FRB are announcing the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2026 are subject to certain protections under Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing).
Agencies Announce Dollar Thresholds for Smaller Loan Exemption from Appraisal Requirements for Higher-priced Mortgage Loans
The CFPB, FRB, and OCC are announcing that the 2026 threshold for higher-priced mortgage loans that are subject to special appraisal requirements will increase from $33,500 to $34,200.
CFPB’s Supervision Division Releases New 'Humility Pledge'
Washington, D.C.—Today, the CFPB made changes to how the Supervision Division conducts exams. Previously, under the leadership of Director Chopra and Biden’s Director of Supervision Lorelei Salas, a former Soros activist who was put on leave in February 2025, this division was the weaponized arm of the CFPB.
CFPB Notifies Court it Cannot Lawfully Draw Funds from the Federal Reserve
Washington, D.C.—Today, the Consumer Financial Protection Bureau (CFPB) filed a notice informing the court in NTEU v. Vought that the Department of Justice’s Office of Legal Counsel (OLC) has determined that the Bureau may not legally request funds at this time from the Federal Reserve under Dodd-Frank.
CFPB Reaches Settlement with FirstCash, Inc. and Its Subsidiaries for Military Lending Act Violations
Today, in the Consumer Financial Protection Bureau’s (CFPB) November 12, 2021 lawsuit against FirstCash, Inc., and nineteen subsidiaries alleging violations of the Military Lending Act (MLA), the parties reached a settlement and jointly filed a stipulated final judgment and proposed order, which if entered by the court, would resolve the lawsuit.
CFPB Amends Wise Order for Remittance Practices
The CFPB amended its January 30, 2025 consent order with the international remittance company Wise resolving claims including advertising inaccurate fees and failing to properly disclose exchange rates and other costs.
CFPB Announcement Regarding Enforcement Actions Related to Buy Now, Pay Later Loans
The CFPB is announcing that it will not prioritize enforcement actions taken on the basis of the Truth in Lending (Regulation Z); Use of Digital User Accounts to Access Buy Now, Pay Later Loans, 89 Fed. Reg. 47,068 (May 31, 2024) (“Buy Now, Pay Later”).
CFPB Keeps Its Enforcement and Supervision Resources Focused on Pressing Threats to Consumers
The CFPB is announcing that it will not prioritize enforcement or supervision actions with regard to entities that are currently outside the stay imposed under Texas Bankers Association v. CFPB, No. 24-40705 (CA5).
CFPB Offers Regulatory Relief From Registration Requirements for Small Loan Providers
The Consumer Financial Protection Bureau will not prioritize enforcement or supervision actions for entities that do not satisfy future deadlines to submit registration information under the regulation titled "Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders".
2024 HMDA Data on Mortgage Lending Now Available
The published data contain loan-level information filed by financial institutions and modified to protect consumer privacy.
CFPB Offers Regulatory Relief for Small Loan Providers
The Bureau will keep its enforcement and supervision resources focused on pressing threats to consumers, particularly servicemen and veterans.
Statement on Designation of Treasury Secretary Scott Bessent as Acting Director of the Consumer Financial Protection Bureau
On January 31, 2025, President Trump designated Secretary of the Treasury Scott Bessent as Acting Director of the Consumer Financial Protection Bureau (CFPB).
CFPB Orders Wise to Pay $2.5 Million for Illegal Remittance Practices
The CFPB ordered the international remittance company Wise to pay nearly $2.5 million for a series of illegal actions.
CFPB Updates List of Consumer Reporting Companies
Today, the Consumer Financial Protection Bureau (CFPB) released its annual list of consumer reporting companies.
CFPB Finds Servicemembers Pay More in Auto Lending Market
The CFPB published a report showing that U.S. servicemembers pay higher costs and face greater financial risks when taking out credit to buy a car.
CFPB Letter to Massachusetts State Legislature on Barring Medical Bills on Credit Reports
A letter written by Seth Frotman, CFPB General Counsel, to the Representative John J. Lawn, Jr. and the Senator John J. Cronin of the Massachusetts State Legislature.
CFPB Letter to South Dakota State Legislature on Barring Medical Bills on Credit Reports
A letter written by Seth Frotman, CFPB General Counsel, to Representative Brian Mulder of the South Dakota State Legislature.
CFPB Letter to Oregon State Legislature on Barring Medical Bills on Credit Reports
A letter written by Seth Frotman, CFPB General Counsel, to Senator Wlnsvey Campos and the Representative Nathan Sosa of the Oregon State Legislature.
CFPB Letter to Washington State Legislature on Barring Medical Bills on Credit Reports
A letter written by Seth Frotman, CFPB General Counsel, to Senator Marcus Riccelli and Representative Joe Timmons of the Washington State Legislature.
CFPB Report Finds Continued Challenges for Households that Rent
Today, the Consumer Financial Protection Bureau (CFPB) released two reports looking at national rental payment data from September 2021 to November 2024.
CFPB Report Finds Cash-Out Mortgage Refinance Borrowers Improve Credit Scores
Today, the Consumer Financial Protection Bureau (CFPB) published a report about financial outcomes for cash-out refinance mortgage borrowers.
CFPB Finds More Vehicles Eligible for Repossession Than Pre-Pandemic
The CFPB published a report showing that the rate of auto repossessions at the end of 2022 surpassed pre-pandemic levels.