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The CFPB Is Investigating Community Lenders the White House Wants Defunded - Here’s What’s Actually Happening
CFPB Is Investigating Community Lenders: The CFPB is probing at least four CDFIs while $500M+ in approved funding sits frozen. What it means for community lending and...
May 27


CFPB Scales Back the 1071 Rule, and MCAs Are Officially Out
The CFPB's revised Section 1071 final rule narrows coverage, exempts MCAs and smaller lenders, and pushes the compliance date to January 1, 2028.
May 3


The CFPB Just Rewrote 50 Years of Fair Lending Law. Here's What That Actually Means.
The CFPB just rewrote 50 years of fair lending law — eliminating disparate impact under ECOA, gutting special purpose credit programs, and narrowing anti-discouragement rules. Lawsuits are coming.
Apr 29


Trump Admin Forced to Fund CFPB: The Standoff Ends (For Now)
Breaking: The Trump Administration has agreed to release funding to the CFPB following a federal court order. The "starve the beast" strategy has failed. Here is what lenders need to know.
Jan 12


Federal Judge Orders Administration to Keep Funding the CFPB
Federal Judge Amy Berman Jackson orders the administration to continue funding the CFPB, rejecting the "Federal Reserve loss" argument. Here is what lenders need to know.
Dec 31, 2025


The CFPB Just Admitted It Got Section 1071 Wrong. Here's What Changes, and What's Still Uncertain.
The CFPB's proposed Section 1071 amendments slash data requirements, raise thresholds, and exclude MCAs. Here's what lenders need to know before the Dec. 15 deadline.
Nov 21, 2025


What the CFPB Director Levenbach Nomination Really Means
The administration has nominated Stuart Levenbach, a man with a resume deep in marine ecology, but completely void of banking or financial services experience, to lead the CFPB.
Nov 19, 2025


Monday Round-Up: Loan Fraud Charges, eBay’s Open Banking, CFPB Change
“Open Banking helps to make the eBay Seller Capital application process easier, faster and more holistic for small businesses, so we can help more eBay sellers start and grow their businesses,”
Aug 18, 2025


CFPB Pushes Back Section 1071 Deadlines
The Consumer Financial Protection Bureau (CFPB) has once again delayed its compliance timeline for the Section 1071 rule under the Equal Credit Opportunity Act, reflecting ongoing concerns over readiness, legal challenges, and operational impacts for small business lenders.
Jun 21, 2025


Banking vs. Fintech: CFPB Review Puts Open Banking Back in the Spotlight
Banks argue that prohibiting charging fees for data access prevents them from recouping these expenses and managing related risks. Conversely, fintech firms advocate for the rule, emphasizing the benefits of seamless data sharing for developing innovative financial products and services.
May 13, 2025


Breaking: RBFC granted Stay from 1071 for its members
Thus, the Court will stay the Section 1071 Rule and toll the Rule’s compliance deadlines with respect
to Plaintiff and its members for the length of time that the Fifth Circuit stay order in Tex. Bankers
Ass’n, No. 24-40705, is in effect, subject to modification at any time by the Court.
May 7, 2025


The Wild West: What banks are saying about the CFPB, fintech, & non-bank lenders
"Payment apps like PayPal, Stripe, Cash App, those sorts of things, they would get close to a free ride at the federal level," said David...
Mar 12, 2025


Breaking: CFPB drops 'Zelle' case against JPMorgan, BofA, Wells Fargo
Breaking: CFPB drops 'Zelle' case against JPMorgan, BofA, Wells Fargo
Mar 4, 2025


The CFPB: Navigating Consumer Protection Amidst Regulatory Changes
As unions challenge Vought's directives in court and protests continue outside the shuttered CFPB headquarters, one thing is clear: The...
Feb 10, 2025


Manic Monday: New CFPB acting director announced, a switch from Trump, and tariffs
In a move that's sure to raise eyebrows and potentially reshape the regulatory landscape, Treasury Secretary Scott Bessent has been...
Feb 3, 2025


Legal Victory for CFPB: Implications for the Small Business Lending Data Rule
The Consumer Financial Protection Bureau's (CFPB) small business lending data collection rule has cleared another significant legal obstacle
Aug 28, 2024
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