In accordance with the Privacy Act of 1974, the Consumer Financial Protection Bureau (CFPB or Bureau) proposes to modify a current Privacy Act System of Records titled, "CFPB.025 Civil Penalty Fund and Bureau-Administered Redress Program Records." This system of records enables the CFPB to manage the distribution of the Civil Penalty Fund and redress monies to consumers.

In accordance with the Privacy Act of 1974, the Consumer Financial Protection Bureau (CFPB or Bureau) proposes to modify a current Privacy Act System of Records titled, "CFPB.009 Employee Administrative Records System." This system of records enables the CFPB to manage and administer human capital functions, including personnel actions, payroll, human resources, time and attendance, leave, insurance, tax, retirement and other employee benefits, among others.

In accordance with the Privacy Act of 1974, the Consumer Financial Protection Bureau (CFPB or Bureau) proposes to modify a current Privacy Act System of Records titled, "CFPB.008 Transit Subsidy Program." This system of records maintains information from employees applying for or holding parking permits or applying for or participating in transportation subsidies to be used for public transportation, and vanpools to and from the workplace. The information is used to determine employee eligibility for transit subsidies and to disburse non-monetary subsidies to eligible employees.

The OCC, the Board, and the Bureau are finalizing amendments to the official interpretations for their regulations that implement section 129H of the Truth in Lending Act (TILA). Section 129H of TILA establishes special appraisal requirements for "higher-risk mortgages," termed "higher-priced mortgage loans" or "HPMLs" in the agencies' regulations. A December 2013 rulemaking exempted transactions of $25,000 or less and required that this loan amount be adjusted annually based on any annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI- W). Based on the CPI-W in effect as of June 1, 2025, the exemption threshold will increase from $33,500 to $34,200, effective January 1, 2026.

The Board and the Bureau (collectively, Agencies) are publishing final rules amending the official interpretations for the Agencies' regulations that implement the Truth in Lending Act (TILA). The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd- Frank Act) amended TILA by requiring that the dollar threshold for exempt consumer credit transactions be adjusted annually by the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Based on the annual percentage increase in the CPI-W as of June 1, 2025, the exemption threshold will increase from $71,900 to $73,400 effective January 1, 2026. Because the Dodd- Frank Act also requires similar adjustments in the Consumer Leasing Act's threshold for exempt consumer leases, the Agencies are making similar amendments to each of their respective regulations implementing the Consumer Leasing Act elsewhere in the Rules section of this issue of the Federal Register.

The Board and the Bureau (collectively, Agencies) are finalizing amendments to the official interpretations for the Agencies' regulations that implement the Consumer Leasing Act (CLA). The Dodd- Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amended the CLA by requiring that the dollar threshold for exempt consumer leases be adjusted annually by the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Based on the annual percentage increase in the CPI-W as of June 1, 2025, the exemption threshold will increase from $71,900 to $73,400 effective January 1, 2026. Because the Dodd-Frank Act also requires similar adjustments in the Truth in Lending Act's threshold for exempt consumer credit transactions, the Agencies are making similar amendments to each of their respective regulations implementing the Truth in Lending Act elsewhere in the Rules section of this issue of the Federal Register.

The Consumer Financial Protection Bureau (Bureau) is issuing this final rule amending the regulation text and official interpretations for Regulation Z, which implements the Truth in Lending Act (TILA). The Bureau calculates the dollar amounts for provisions in Regulation Z annually; this final rule revises the amounts for provisions implementing TILA and its amendments, including the Home Ownership and Equity Protection Act of 1994 (HOEPA), and the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). The Bureau adjusts these amounts based on the annual percentage change of the Consumer Price Index (CPI) as of June 1, 2025.

The Consumer Financial Protection Bureau (Bureau) is issuing this final rule amending an appendix for Regulation V, which implements the Fair Credit Reporting Act (FCRA). The Bureau is required to calculate annually the dollar amount of the maximum allowable charge for disclosures by a consumer reporting agency to a consumer pursuant to section 609 of the FCRA; this final rule establishes the maximum allowable charge for the 2026 calendar year.

The CFPB and the FRB are announcing the dollar thresholds used to determine whether certain consumer credit and lease transactions in 2026 are subject to certain protections under Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing).

The CFPB, FRB, and OCC are announcing that the 2026 threshold for higher-priced mortgage loans that are subject to special appraisal requirements will increase from $33,500 to $34,200.

In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB or Bureau) is requesting to extend the Office of Management and Budget's (OMB's) approval for an existing information collection titled "Home Mortgage Disclosure Act (Regulation C)" approved under OMB Control Number 3170-0008.

In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB) is requesting to extend the Office of Management and Budget's (OMB's) approval for an existing information collection titled "Registration of Mortgage Loan Originators (Regulation G)" approved under OMB Control Number 3170- 0005.

In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB) is requesting to extend the Office of Management and Budget's (OMB's) approval for an existing information collection titled "Truth in Savings (Regulation DD)" approved under OMB Control Number 3170-0004.

In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB or Bureau) is requesting to reinstate the Office of Management and Budget's (OMB's) approval for an existing information collection titled "Disclosure Requirements for Depository Institutions Lacking Federal Deposit Insurance (Regulation I)" approved under OMB Control Number 3170-0062.

In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB or Bureau) is requesting to reinstate the Office of Management and Budget's (OMB's) approval for an existing information collection titled "Interstate Land Sales Full Disclosure Act (Regulations J, K, and L)" approved under OMB Control Number 3170-0012.

In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB or Bureau) is requesting to reinstate the Office of Management and Budget's (OMB's) approval for an existing information collection titled "Privacy of Consumer Financial Information (Regulation P)" approved under OMB Control Number 3170-0010.

In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB) is requesting to reinstate the Office of Management and Budget's (OMB's) approval for an existing information collection titled "Mortgage Acts and Practices-- Advertising (Regulation N)" approved under OMB Control Number 3170- 0009.

In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB or Bureau) is requesting to reinstate the Office of Management and Budget's (OMB's) approval for an information collection titled "Prohibition on Inclusion of Adverse Information in Consumer Reporting in Cases of Human Trafficking (Regulation V)" approved under OMB Control Number 3170-0002.

In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB or Bureau) requests the Office of Management and Budget's (OMB's) extension of the existing information collection titled "Consumer Complaint Intake System Company Portal Boarding Form" approved under OMB Number 3170-0054.

In accordance with the Paperwork Reduction Act of 1995 (PRA), the Consumer Financial Protection Bureau (CFPB or Bureau) is requesting to extend the Office of Management and Budget's (OMB's) approval for an existing information collection titled "Consumer Response Intake Form" approved under OMB Control Number 3170-0011.

Under the Federal Advisory Committee Act (FACA), this notice sets forth the announcement of a public meeting of the Consumer Advisory Board (CAB or Board) of the Consumer Financial Protection Bureau (CFPB or Bureau). The notice also describes the functions of the Board.

Under the Federal Advisory Committee Act (FACA), this notice sets forth the announcement of a public meeting of the Consumer Advisory Board (CAB or Board) of the Consumer Financial Protection Bureau (CFPB or Bureau). The notice also describes the functions of the Board.

Washington, D.C.—Today, the CFPB made changes to how the Supervision Division conducts exams. Previously, under the leadership of Director Chopra and Biden’s Director of Supervision Lorelei Salas, a former Soros activist who was put on leave in February 2025, this division was the weaponized arm of the CFPB.

The statute of limitations in many states is longer for written contracts than for oral contracts, and what qualifies as a written contract may also vary from state-to-state.  As such, ...

Washington, D.C.—Today, the Consumer Financial Protection Bureau (CFPB) filed a notice informing the court in NTEU v. Vought that the Department of Justice’s Office of Legal Counsel (OLC) has determined that the Bureau may not legally request funds at this time from the Federal Reserve under Dodd-Frank.

I want to share recent developments relating to the legal definition of “credit” under TILA and other consumer protection laws.  If you’ve come across any useful developments, please share them ...

The NY Senate has passed SB 5600, which will cap interest rates for retail installment transactions at no more than 16%.  The stated justification for the legislation is as follows: ...

The Attorney General of Massachusetts recently announced that it has settled allegations against Earnest, a student lender, for, alleged violations of “consumer protection and fair lending laws, including through the ...

Today, in the Consumer Financial Protection Bureau’s (CFPB) November 12, 2021 lawsuit against FirstCash, Inc., and nineteen subsidiaries alleging violations of the Military Lending Act (MLA), the parties reached a settlement and jointly filed a stipulated final judgment and proposed order, which if entered by the court, would resolve the lawsuit.

The CFPB amended its January 30, 2025 consent order with the international remittance company Wise resolving claims including advertising inaccurate fees and failing to properly disclose exchange rates and other costs.

On May 5, 2025, the Department of Education (“ED”) published an electronic announcement, entitled “(GEN-25-19) Request for Institutions to Provide Repayment Information to Former Students to Prevent Defaults,” in which ...

The CFPB is announcing that it will not prioritize enforcement actions taken on the basis of the Truth in Lending (Regulation Z); Use of Digital User Accounts to Access Buy Now, Pay Later Loans, 89 Fed. Reg. 47,068 (May 31, 2024) (“Buy Now, Pay Later”).

The CFPB is announcing that it will not prioritize enforcement or supervision actions with regard to entities that are currently outside the stay imposed under Texas Bankers Association v. CFPB, No. 24-40705 (CA5).

In an Executive Order released yesterday, President Trump has declared that “[i]t is the policy of the United States to eliminate the use of disparate-impact liability in all contexts to ...

The Consumer Financial Protection Bureau will not prioritize enforcement or supervision actions for entities that do not satisfy future deadlines to submit registration information under the regulation titled "Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders".

The published data contain loan-level information filed by financial institutions and modified to protect consumer privacy.

The Bureau will keep its enforcement and supervision resources focused on pressing threats to consumers, particularly servicemen and veterans.

On January 31, 2025, President Trump designated Secretary of the Treasury Scott Bessent as Acting Director of the Consumer Financial Protection Bureau (CFPB).

The CFPB ordered the international remittance company Wise to pay nearly $2.5 million for a series of illegal actions.

Today, the Consumer Financial Protection Bureau (CFPB) released its annual list of consumer reporting companies.

The CFPB published a report showing that U.S. servicemembers pay higher costs and face greater financial risks when taking out credit to buy a car.

A letter written by Seth Frotman, CFPB General Counsel, to the Representative John J. Lawn, Jr. and the Senator John J. Cronin of the Massachusetts State Legislature.

A letter written by Seth Frotman, CFPB General Counsel, to Representative Brian Mulder of the South Dakota State Legislature.

A letter written by Seth Frotman, CFPB General Counsel, to Senator Wlnsvey Campos and the Representative Nathan Sosa of the Oregon State Legislature.

A letter written by Seth Frotman, CFPB General Counsel, to Senator Marcus Riccelli and Representative Joe Timmons of the Washington State Legislature.

Today, the Consumer Financial Protection Bureau (CFPB) released two reports looking at national rental payment data from September 2021 to November 2024.

Today, the Consumer Financial Protection Bureau (CFPB) published a report about financial outcomes for cash-out refinance mortgage borrowers.

The CFPB published a report showing that the rate of auto repossessions at the end of 2022 surpassed pre-pandemic levels.

[Note that the CFPB removed this guidance from its website on April 25, 2025. The link below has been updated to an archived version of the document.] A close reading ...

I wrote on Law360 about how the CFPB has drawn a roadmap for state regulators, non-profits, and private litigants to challenge colleges and universities financial relationships with their student. A ...

The CFPB took action against Equifax, the nationwide consumer reporting agency, for its failure to conduct proper investigations of consumer disputes.

The CFPB took action against Draper & Kramer Mortgage Corporation for discriminatory mortgage lending activities that discouraged homebuyers from applying to Draper for homes in majority-Black and Hispanic neighborhoods in the greater Chicago and Boston areas.

In a recent speech to the Consumer Federation of America, the CFPB’s Student Loan Ombudsman calls on consumer protection organizations “to approach colleges and universities seriously when they act as ...

The CFPB has published a “Special Edition Student Lending” version of their long-running Supervisory Highlights publication, in which the generally describes findings from its supervisory examinations of various entities, in ...

While I don’t expect that Director Chopra will continue to serve as the Director of the CFPB in the next administration, I hope that his successor continues to develop the ...

Although ostensibly targeted only at employer-related data providers, the CFPB’s recently issued “Consumer Financial Protection Circular” about “Background Dossiers and Algorithmic Scores for Hiring, Promotion, and Other Employment Decisions” may ...

The National Labor Relations Board’s General Counsel has published a memo describing how so-called “stay or pay” employee repayable education benefit programs can avoid triggering employment-law compliance issues. “Stay or ...

The CFPB’s Fall 2024 edition of its supervisory highlights includes several significant items whose importance are easy to overlook.  I list the items that struck me below (in the order ...

Social science researchers seem to generally believe that survey responses can be measurably increased by enclosing a small cash payment in survey mailings.  The CFPB, as a “data-driven agency,” is ...

I’ve written a lot about the definition of “credit,” so I guess it’s now time to ask what is a “credit report”? Fraud screening providers and users of their services ...

Nevada’s Financial Institution Division has published version # 3 of its proposed regulations to implement Nevada’s Student Loan Law that was enacted in 2023. The latest draft is still mostly ...

The CFPB’s 2024 Debt Collection Report focuses on medical debt (still!) and rental debt collection.  As has long been the case, the CFPB in this report seemingly asserts that debt ...

I’ve been tracking this lawsuit for a while because it touches on a several important themes for post-secondary schools offering payment plans (or, more technically, retail installment sales).  I included ...

In yet another installment of my seemingly infinitely long series of blog posts about the definition of “credit,” I want to discuss the CFPB’s recently issued advisory opinion about “Contracts ...