As previously reported, last year the Trump Administration filed a motion in the federal district court for the district of New Jersey to terminate the redlining consent order with Lakeland Bank that was entered into in September 2022 and provided for a five-year term. The redlining consent order was part of the Justice Department focus on redlining during the Biden Administration.… Continue Reading
CFPB Enforcement
Today’s podcast episode: New Institute for Consumer Financial Choice Seeks to Reshape the Consumer Finance Policy Debate
By Ballard CFS Group on
Posted in Artificial Intelligence, CFPB, CFPB Enforcement, Crypto, Cybersecurity, Data Security, Podcasts
A newly launched academic institute is seeking to influence the future direction of consumer financial services regulation by promoting a policy framework centered on consumer choice, market competition, empirical research, and innovation. In the podcast we are releasing today on Consumer Finance Monitor, our host Alan Kaplinsky (founder, former chair for 25 years and now senior counsel) interviewed Professors Todd Zywicki of George Mason University Antonin Scalia Law School and Tom Miller of Mississippi State University about their newly created Institute for Consumer Financial Choice (ICFC), its mission, and its ambitious agenda.… Continue Reading
Is a “Private CFPB” Emerging? Or Is a New Consumer Protection Ecosystem Taking Shape?
“Nature abhors a vacuum.” — Aristotle
The Consumer Financial Protection Bureau’s dramatic retreat from enforcement during 2025 and 2026 has created one of the most significant shifts in consumer financial services regulation since the Bureau opened its doors in 2011.
Much has been written about what the CFPB is no longer doing.… Continue Reading
CFPB Policy Update: Key Takeaways from A Discussion with Senior Advisor and Counsel to the Director, Elie Greenbaum
On June 25, 2026, DC-based Women in Housing & Finance hosted Senior Advisor and Counsel to the Director of the Consumer Financial Protection Bureau, Elie Greenbaum, for a wide-ranging discussion on the Bureau’s current policy priorities and regulatory outlook. Following are notable updates on the CFPB’s agenda for industry participants. This report is based on the input of several members of our Consumer Financial Services Group who attended the meeting. … Continue Reading
Open banking regulation in 2026: federal regulation resurfaces as states bring data sharing into focus
Posted in CFPB, CFPB Enforcement
The federal regulation of open banking in the United States has been in an extraordinary state of limbo. The Consumer Financial Protection Bureau’s final rules implementing Section 1033 of the Dodd-Frank Act, the product of a long rulemaking journey that began in 2016, remain codified in the Code of Federal Regulations but are effectively unenforceable.… Continue Reading
CFPB adopts new Enforcement Principles
The CFPB has adopted new Enforcement Principles designed to roll back standards used by the Biden Administration.
The bureau recently applied the new principles in attempting to ensure that customers affected by Bilt’s transition of its credit card services to a new bank partner were not harmed by the change. The CFPB stated that “[h]ere, instead of initiating a protracted investigation, followed by a public enforcement action, which could be litigated for years before consumers get any redress, as the Biden CFPB would have done under the former Director Chopra, this leadership engaged with Bilt directly and collaboratively.… Continue Reading
Today’s podcast episode: Consumer Protection, Democracy, and the CFPB: A Thought-Provoking Debate with Amelia O’Rourke-Owens
By Ballard CFS Group on
On a recent episode of the Consumer Finance Monitor Podcast, Alan Kaplinsky, host of the podcast, had the opportunity to interview Amelia O’Rourke-Owens, a legal scholar and former CFPB policy fellow, about her article, “Tearing Holes in Consumer Protection: Democracy’s Safety Net.” Amelia is the founder and CEO of Resilience Solutions, which provides subject matter expertise and consulting services around policy solutions and strategic planning.… Continue Reading
CFPB’s OIG investigating current workforce and contracting developments plus interpretations adopted and enforcement actions taken under then Director Chopra
The CFPB’s Office of Inspector General is still investigating the agency’s workforce and contracting moves to see what impact it has had on agency actions.
“We are reviewing the CFPB’s workforce and contracting actions to determine their high-level effects on mission-related activities and support functions,” the OIG said, in an update of its activities.… Continue Reading
Today’s podcast episode: A Sea Change in New York Consumer Protection Law: Inside the FAIR Act
By Ballard CFS Group on
In the episode of the Consumer Finance Monitor podcast we are releasing today, we examine what may be the most consequential development in New York consumer protection law in nearly half a century: the enactment of the New York State Fair Business Practices Act (the FAIR Act).
Signed into law in December 2025 and taking effect on February 17, 2026, the FAIR Act represents the first comprehensive overhaul of New York General Business Law § 349 in almost 50 years.… Continue Reading
CFPB soliciting comments on how to improve Consumer Response Intake Form
By Ballard CFS Group on
Posted in CFPB Enforcement, CFPB Supervision
In the request for comments, the CFPB states that it is soliciting comments on how to improve its Consumer Response Intake Form. The CFPB advises that Consumer Response Intake Form is designed to help consumers in submitting complaints, inquiries and feedback.
Consumers may complete and submit information using the Intake Form on the Bureau’s website.… Continue Reading