CFPB Abruptly Drops Enforcement Actions Against Corporations Accused of Ripping Off Consumers
Cases Dropped Against Mobile Home Lender, Rocket Homes, Student Loan Servicer, and More Let Corporate Wrongdoers Off Scot-Free
All
-
Legislative Attacks on CFPB Erode Mandatory Funding, Compromise Independence, Weaken Integrity, and Roll-back Protections
Preserve the CFPB’s independence: Created on the heels of the 2008 financial crisis, the CFPB was designed to be led by a single independent director, rather than a much weaker commission structure. This allows the agency to more effectively protect people from fraud, deception, and abuse and act nimbly to address emerging wrongdoing by financial…
-
Cornerstone Credit Union League et al. v. CFPB et al.
Cornerstone Credit Union League and Consumer Data Industry Association v. CFPB and Acting Director of the CFPB, No. 4:25-cv-00016-SDJ (E.D. Tex.) This case was brought by a credit union trade group and a credit reporting trade group against the CFPB to challenge the validity of the CFPB’s Medical Debt Rule (Prohibition on Creditors and Consumer…
Read More about Cornerstone Credit Union League et al. v. CFPB et al.
-
CFPB Big Tech Payment App Oversight Rule Protects Personal Data and Reduces Fraud
Rule Enables CFPB to Monitor Companies Like PayPal, Venmo, Cash App, X Money The Consumer Financial Protection Bureau (CFPB) has finalized a rule allowing it to supervise larger nonbank companies that offer services like digital wallets and payment apps, also known as peer-to-peer or P2P apps. Supervision of these companies will make sure they comply…
Read More about CFPB Big Tech Payment App Oversight Rule Protects Personal Data and Reduces Fraud
-
NTEU, NCLC and others v. Vought, Case No. 1:25-cv-00381 (D.D.C)
On February 13, 2025, NCLC, along with the NAACP, the Virginia Poverty Law Center, individual Plaintiff Pastor Eva Steege and the CFPB Employee Association, joined a lawsuit as Plaintiffs that was filed by the National Treasury Employees Union against the CFPB’s Acting Director Russell Vought in D.C federal court. Plaintiffs moved for a Temporary Restraining…
Read More about NTEU, NCLC and others v. Vought, Case No. 1:25-cv-00381 (D.D.C)
-
Lawsuit Challenges Trump Administration’s Illegal Effort to Shut Down CFPB
Update: On Feb. 14, Judge Amy Berman Jackson ordered that the defendants cannot delete any CFPB records or data, cannot terminate CFPB employees, and cannot return CFPB funds pending a preliminary injunction hearing scheduled for March 3. National Treasury Employees Union (NTEU), National Consumer Law Center, National Association for the Advancement of Colored People (NAACP),…
Read More about Lawsuit Challenges Trump Administration’s Illegal Effort to Shut Down CFPB
-
Bill to Overturn CFPB Overdraft Fee Rule Would Hurt Families, Allow Big Banks to Keep $5 Billion in Excessive Fees
Sen. Tim Scott (SC) and Rep. French Hill (AR) Introduced Resolutions to Overturn a CFPB Rule Capping Big Bank Overdraft Fees at $5
-
ACA International et al. v. Consumer Financial Protection Bureau et al.
ACA International et al. v. CFPB, No. 4:25-cv-94 (S.D. Tex.) This case was brought by various banking associations against the CFPB to challenge the validity of the CFPB’s Medical Debt Rule (Prohibition on Creditors and Consumer Reporting Agencies Concerning Medical Information (Regulation V) 90 Fed. Reg. 3276-3374 (Jan. 14, 2025)), which removed medical debt from…
Read More about ACA International et al. v. Consumer Financial Protection Bureau et al.
-
Consumers and Groups File for Right to Defend Rule Removing Medical Debt from the Credit Reports of 15M People
With CFPB Under Shut-Down Order, Consumers and Groups Seek to Intervene to Defend Lifeline for People Harmed by Medical Debt
-
Mississippi Bankers Association et al v. Consumer Financial Protection Bureau
Mississippi Bankers Association et al v. CFPB, No. 3:24-cv-00792-CWR-LGI (S.D. Miss.) This case was brought by various banking associations against the CFPB to challenge the validity of the CFPB’s Overdraft Rule (Overdraft Lending: Very Large Financial Institutions, 89 Fed. Reg. 106768 (Dec. 30, 2024)), which reduces surprise overdraft fees charged by large financial institutions to…
Read More about Mississippi Bankers Association et al v. Consumer Financial Protection Bureau
-
Unlawful Shut Down of Consumer Agency Endangers Working Families, Honest Businesses, the Economy
Consumer advocates warned today that the illegal effort by the Trump Administration to shut down the Consumer Financial Protection Bureau (CFPB) endangers the entire economy.
-
The CFPB Medical Debt Collection Advisory Opinion Protects Consumers from Illegal Collection Practices
The CFPB issued an advisory opinion to remind debt collectors that attempting to collect medical debts that are not owed and certain other tactics are unlawful under the FDCPA.
Support NCLC
Please support NCLC's work to advance consumer rights and economic justice with a tax-deductible contribution today!
Donate