RSSCFPB introduces “Humility Pledge” for supervision exams
The Consumer Financial Protection Bureau recently instituted a “Humility in Supervision Pledge,” starting with the 2026 examination cycle.
Category Archives: News
CFPB receives nearly 14,000 comments on open banking revamp proposal
The Consumer Financial Protection Bureau received nearly 14,000 comments on its proposed revamp of Section 1033 before the Oct. 22 public comment deadline, according to a public database.
CFPB, Synapse reach settlement in lawsuit
The Consumer Financial Protection Bureau has reached a proposed settlement with Synapse Financial Technologies for allegedly failing to keep adequate records of the location of consumers’ funds.
CFPB reaches settlement with pawn shop company
The Consumer Financial Protection Bureau recently reached a $9 million settlement in its 2021 lawsuit against pawn shop company FirstCash, Inc.
CFPB terminates consent order against Navy Federal Credit Union
The Consumer Financial Protection Bureau recently terminated its consent order against Navy Federal Credit Union and waived any non-compliance allegations against the company.
CFPB to stop using civil penalty funds to finance education programs
The Consumer Financial Protection Bureau plans to stop using civil penalty funds to finance consumer education and financial literacy programs, according to a proposal published June 18.
Horowitz selected to lead CFPB IG office
Longtime attorney and government official Michael Horowitz was appointed to lead the Office of Inspector General for both the Consumer Financial Protection Bureau and Federal Reserve.
CFPB to rescind BNPL rule
The Consumer Financial Protection Bureau plans to rescind its rule treating ‘buy now, pay later’ providers as credit card issuers.
CFPB won’t enforce Section 1071
The Consumer Financial Protection Bureau is not planning to enforce Section 1071, the bureau announced on May 1.
CFPB planning changes to Section 1071
The Consumer Financial Protection Bureau plans to soon propose replacing or changing Section 1071.
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