CFPB Withdraws Biden-Era Guidance on Immigration Status in Lending

The withdrawn guidance is a “natural outgrowth” of the Trump administration’s hostility toward disparate impact claims, said ...
American Banker

Consumer groups sue CFPB over small-business data rule

Consumer advocates led by Rise Economy have sued the Consumer Financial Protection Bureau for the second time for failing to implement the small-business data collection rule mandated by Congress 15 ...
JD Supra

CFPB Signals Major Shift in Exam Approach With New “Humility Pledge”

On November 21, the CFPB announced changes to how its Supervision Division will conduct examinations, including a new “Humility Pledge” that examiners must read to supervised entities at the start of ...
Auto Remarketing

CFPB unveils ‘humility pledge’ for supervision division

Perhaps compliance departments at auto lenders and other companies involved in financial services had something extra to be thankful for last week. Just ahead of Thanksgiving, the Consumer Financial ...
JD Supra

Section 1071 Rule Proposed Amendments—A Deeper Dive

Richard Andreano Jr., John Culhane Jr. As previously reported, the CFPB is proposing major changes to its 2023 final rule that would require financial institutions to report information contained in ...