The Consumer Financial Protection Bureau’s (CFPB) November 13 proposal to revise small business lending requirements under the Equal Credit Opportunity Act (ECOA) and Regulation B marks one of the most consequential updates to credit governance in a decade. As the Bureau seeks to adapt oversight to a digital-first lending landscape, its proposed changes could reshape … Read more
In a shift that could impact consumer protection, the Consumer Financial Protection Bureau (CFPB) has announced plans to rescind the Nonbank Registry Rule (NBR Rule), which mandated that nonbank financial companies report violations of consumer laws to a bureau registry. The move, slated to be finalized in the coming days, has sparked concerns about the … Read more
The Consumer Financial Protection Bureau (CFPB) has received 13,979 comments on its proposed Open Banking Rule, one of the most closely watched regulatory initiatives in U.S. financial policy this decade. The flood of feedback underscores how central data access and consumer privacy have become to the future of financial services. Under Section 1033 of the … Read more
A protracted legal battle over the Trump administration’s mass terminations at the Consumer Financial Protection Bureau (CFPB) has ground to a halt after the Department of Justice (DOJ) requested a stay, citing the ongoing federal government shutdown. The case—centered on whether the administration overstepped its authority in executing widespread layoffs at the consumer watchdog—has been … Read more