CFPB Withdraws Biden-Era Guidance on Immigration Status in Lending

The withdrawn guidance is a “natural outgrowth” of the Trump administration’s hostility toward disparate impact claims, said ...
JD Supra

CFPB Settles First Action Under New Leadership: Current State of the CFPB and a Look Ahead

The Consumer Financial Protection Bureau (“CFPB” or “Bureau”) has seen significant changes since President Donald Trump fired former Director Rohit Chopra in January 2025. Under Acting Director ...
JD Supra

CFPB Signals Major Shift in Exam Approach With New “Humility Pledge”

On November 21, the CFPB announced changes to how its Supervision Division will conduct examinations, including a new “Humility Pledge” that examiners must read to supervised entities at the start of ...
American Banker

Consumer groups sue CFPB over small-business data rule

Consumer advocates led by Rise Economy have sued the Consumer Financial Protection Bureau for the second time for failing to implement the small-business data collection rule mandated by Congress 15 ...
Auto Remarketing

CFPB unveils ‘humility pledge’ for supervision division

Perhaps compliance departments at auto lenders and other companies involved in financial services had something extra to be thankful for last week. Just ahead of Thanksgiving, the Consumer Financial ...