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Latest News
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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.
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CFPB to rewrite Open Banking Rule
The rule was received enthusiastically by fintechs but faced resistance from some traditional banking institutions.
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CFPB backs down on state notification rule for CFPA action
Move follows significant public pushback and concerns over weakening regulatory coordination.
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CFPB unveils future plans for criminally liable offenses
The move corresponds to the Trump administration’s efforts to scale back criminal enforcement across agencies.
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GRIP Extra: CFTC nominee Quintenz quizzed by senators, FDA to use AI for drug approvals
Our in-brief roundup of notable stories from last week.