In its response, the CFPB did not address the constitutionality of its funding structure but argued that the defendants’ intention to challenge the CFPB’s funding mechanism could have been ...

The latest set of challenges to the Consumer Financial Protection Bureau's funding, which rely on a novel legal theory, have reached critical mass. In the past month, four separate companies have ...

As we have previously reported, there are several CFPB enforcement lawsuits pending in which the defendants have filed motions to dismiss based in ...

A federal judge has halted a CFPB rule aimed at removing unpaid medical debt from credit reports, impacting 15 million Americans. The decision underscores the ongoing debate over the role of medical ...

The real threat to the Fed would be a judicial decision upholding the CFPB—and thereby letting Congress treat the central bank as the administrative state’s slush fund.

Criticism and Challenges While the CFPB has accomplished much, it has faced criticism and legal challenges: Accusations of regulatory overreach by some in the financial industry.

The CFPB’s funding mechanism is the subject of the pending challenge by associations of regulated lenders, in an effort to invalidate an agency rule that regulated lenders’ preauthorized ...

On Oct. 18, 2024, fintech trade group Financial Technology Association (FTA) filed a lawsuit challenging the Consumer Financial Protection Bureau’s (CFPB) final interpretative rule on “Buy Now ...

Twenty-three state attorneys general have joined a lawsuit to challenge the shutdown of the CFPB. On Feb. 20, New York Attorney General Letitia James co-led a coalition of 23 attorneys general to warn ...

The lawsuit calls into question the constitutionality of the Consumer Financial Protection Bureau’s independent funding scheme.

After 90% of CFPB staff was laid off this week, industry experts weigh in on what lenders should expect on compliance.

On November 12, the CFPB released a report analyzing federal and state-level privacy protections for consumer financial data.