Federal & CFPB Regulations

CFSA Statement on New CFPB Small-Dollar Lending Rule

We are pleased by today’s announcement that the CFPB is proposing to rescind part of its 2017 final rule and to delay the compliance date. These rulemakings are good first steps, and we appreciate that the CFPB has recognized some of the critical flaws of the final rule as promulgated during former Director Richard Cordray’s tenure. ...

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Statement on Confirmation of Kathy Kraninger as BCFP Director

CFSA congratulates Kathy Kraninger on her confirmation as BCFP Director. The BCFP deserves a Director who will listen to consumers and rely on unbiased data and research to guide its work. ...

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FTC, DOJ Return More Than $500 Million to Consumers Harmed by Illegal Lenders

FTC, DOJ Return More Than $500 Million to Consumers Harmed by Unlawful, Unscrupulous Lender...

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Bureau’s Small-Dollar Loan Rule Already Causing Irreparable Harm to Businesses in Advance of 2019

CFSA Files Preliminary Injunction to Stop Bureau Rule to Prevent Further Financial Costs, Store Closings and Employee Layoffs
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In The News: CFPB's Structural Flaws Come to Light Amid Change in Leadership

Political interference in the workings of the allegedly-independent Bureau is nothing new, and underscores the major flaws in the CFPB’s structure — specifically its single director. This partisan interference will pervade the Bureau regardless of which party controls the White House or Congress, and it must be addressed....

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CFSA Statement on Court Ruling CFPB Structure Unconstitutional

The Court’s ruling validates the claims in CFSA’s lawsuit, which also contends that the Bureau’s structure violates the U.S. Constitution’s separation of powers. ...

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CFSA Statement on Nomination of Kathy Kraninger as CFPB Director

CFSA congratulates Kathy Kraninger on her nomination to serve as CFPB Director. The CFPB needs a Director who will listen to consumers and rely on unbiased data and research to guide its work. Ms. Kraninger is a longtime public servant and we hope that under her leadership the Bureau fulfills its intended mission as a truly independent, non-partisan agency that serves American consumers....

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CFSA Files Lawsuit Against Consumer Financial Protection Bureau Over Small-Dollar Loan Rule

Lawsuit Alleges CFPB Violated Federal Regulatory Requirements; Bureau Structure is Unconstitutional
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