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CFPB’s Vought requests Fed funding
In a court-ordered reversal, the beleaguered agency has agreed to seek quarterly funding from the Federal Reserve after all.
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Federal judge rules CFPB must continue to seek Fed funding
Trump administration lawyers argued that because the Federal Reserve was operating at a loss, the CFPB could not request funds from it.
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Fed OIG downgrades CFPB cybersecurity assessment to second-lowest level
Failure to maintain ATOs and lack of documentation key factors in decision.
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ABA President Rob Nichols outlines upcoming change for compliance regulation
Significant actions to rein in US banking regulation are underway, driven by the Trump administration with aims to spur lending and economic growth.
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GRIP Extra: Appeals court clears CFPB takedown, CFTC reviews internal time and attendance compliance
Our in-brief roundup of notable stories from the last week.
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New York AG sues Zelle parent for antifraud deficiencies
Alleging $1 billion in money lost to scams, New York takes up the mantle of a weakened Consumer Finance Protection Bureau.
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CFPB tables proposals for debt collectors, credit-reporting agencies, auto financers
All of these proposed rulemakings would alter the CFPB’s supervisory authority over nonbank entities operating in each of these markets.
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Trump issues executive order targeting debanking
The order, mandates a crackdown on "debanking" and ends the use of reputational risk in regulatory oversight.