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
Office of Inspector General finds weaknesses in CFPB cybersecurity approach
The Consumer Financial Protection Bureau’s method to secure its information systems has weakened in recent months amid a loss of contractors and bureau personnel, according to a recent audit by the Federal Reserve Office of Inspector General.
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 outlines revised nonbank supervision plan
The Consumer Financial Protection Bureau is proposing a new standard for supervising nonbanks.
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 scrap Section 1033
The Consumer Financial Protection Bureau plans to scrap the Section 1033 rule on open banking, the bureau announced on May 23.
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