The huge FY26 budget reconciliation bill, H.R. 1, dubbed the “One Big Beautiful Bill Act,” contains provisions that would slash CFPB spending.
“We put a firm cap on the Consumer Financial Protection Bureau’s budget, setting its funding at no more
Latest from Consumer Finance Monitor
CFPB proposes to rescind rule requiring nonbanks to register certain agency enforcement and court orders
The CFPB is proposing to rescind its rule that requires certain nonbank entities to register covered agency enforcement and court orders.
Specifically, the rule applies to any supervised or non-supervised nonbank that engages in offering or providing consumer financial products
Today’s podcast episode: Everything You Should Know About the Stablecoin Bill
Our podcast show being released today will focus on S. 919, the Guiding and Establishing National Innovation for U. S. Stablecoins Act of 2025 or GENIUS Act which was reported out of the Senate Banking, Housing, and Urban Affairs Committee
Trump signs resolution voiding CFPB large nonbank supervision rule
President Trump has signed a resolution nullifying the rule implementing the CFPB’s power to supervise large nonbank financial services providers of general-use digital consumer payment applications.
Trump signed the resolution under the Congressional Review Act, which grants Congress and the
DOJ lawyers, National Treasury Employees Union attorney square off in appeals court over CFPB firings
Despite massive attempted layoffs and cancellation of third-party vendor contracts, the Trump Administration did not and does not intend to shut down the CFPB, a Justice Department attorney told a federal appeals court on May16 in connection with oral arguments
Trigger Leads – Don’t Forget about the States
As Rich Andreano blogged on April 15, 2025, legislation to prohibit or restrict so-called “trigger leads” in the home-buying process has been reintroduced in the House and Senate. The legislation has broad industry and consumer group support.
While we await
CFPB rescinds 67 guidance documents
Contending that policies implemented by guidance represent an unfair regulatory burden and might be contrary to federal law, the CFPB is rescinding 67 guidance documents issued since the bureau began operating in 2011.
“In many instances, this guidance has adopted
Ballard Spahr’s Consumer Finance Monitor podcast ranks in top 25 in Million Podcasts’ top 25 among hundreds of financial services podcasts
We are very proud to report that podcast database service Million Podcasts has ranked Ballard Spahr’s Consumer Finance Monitor podcast in the top 25 among hundreds of financial services podcasts nationally. The service recently published a list of the top
Today’s podcast episode: Navigating State AG Investigations: A Playbook For Financial Services Companies
Today’s podcast show is a repurposed webinar that we produced on April 22nd, titled “Navigating State AG Investigations: A Playbook For Financial Services Companies.” State Attorneys General (AG) investigations can present significant challenges for businesses and legal practitioners. We offer
CFPB won’t make small business reporting rule a priority
The CFPB has announced it will not make enforcement of its rule requiring financial institutions to report their lending to women-owned, LGBTQI+-owned and minority-owned small businesses a priority.
“The bureau takes this step in the interest of focusing resources on