The Senate Banking, Housing, and Urban Affairs Committee voted 13-11 along strict party lines on September 17 to advance Brian Johnson’s nomination to become Director of the Consumer Financial Protection Bureau (CFPB). The vote took place during an Executive Session
Latest from Consumer Finance Monitor - Page 3
The End of Shopping? Agentic AI and the Future of Consumer Financial Services Introduction
Artificial intelligence is rapidly moving from helping consumers make purchasing decisions to making those decisions for them. So-called “agentic AI” or “AI shopping agents” could search for financial products, compare prices and terms, negotiate with providers, open or close accounts,
Banking Agencies Propose More Prescriptive Third-Party Risk Management Framework
Proposed guidance would require specific elements in bank policies and programs and could give added significance to FDIC’s proposed industry standard-setting organization
Executive Summary
The federal banking agencies have proposed new third-party risk management guidance that is more prescriptive than
Senate Banking, Housing, and Urban Affairs Committee to Vote Tomorrow on Brian Johnson’s Nomination to Become Director of the CFPB
The Senate Banking, Housing, and Urban Affairs Committee (Committee) has scheduled an Executive Session for Thursday, September 17, 2026, at 10:00 a.m. in Dirksen Senate Office Building, Room 538. The agenda expressly includes:
- S. 4395, Terrorism Risk Insurance Program Reauthorization
FTC Bureau of Consumer Protection Launches New Program Inviting Industry and the Public to Identify Problems with FTC Rules
On September 10, 2026, the FTC’s Bureau of Consumer Protection (BCP or Bureau) announced a new BCP Rule Guidance Program (Program) that gives businesses, trade associations, and other stakeholders a new mechanism for bringing problems with FTC rules directly to
MBA Sues New Jersey Over Disparate Impact Rule
The Mortgage Bankers Association (MBA) recently filed a lawsuit in the U.S. district court for the district of New Jersey challenging the disparate impact rules adopted by the state.
In December 2025, the New Jersey Division on Civil Rights (DCR)
FTC, State of Connecticut secure $4 million settlement with vehicle dealership
The Federal Trade Commission and state of Connecticut recently secured a $4 million settlement with Chase Nissan LLC and its owners and management over allegations that the business was collecting fees without consumer authorization, including double charging for “certified pre-owned
CSBS Supports DIDMCA Legislation as House Committee Prepares to Mark Up Bill
Executive Summary
The Conference of State Bank Supervisors (CSBS), the nationwide organization representing state banking and financial regulators, has endorsed legislation that would clarify a critical issue concerning the scope of Section 525 of the Depository Institutions Deregulation and Monetary
Inspector General releases report on impact of CFPB cutbacks
Changes at the CFPB have caused a backlog of consumer complaints, the CFPB’s Office of Inspector (OIG) said, in a report.
Stop-work orders also resulted in CFPB staff temporarily not performing enforcement, supervision and other functions, but workforce-reduction actions
The CFPB Needs Reform, But Not More Regulatory Whiplash
The future of the Consumer Financial Protection Bureau (CFPB or Bureau) has rarely been more uncertain. Since its creation, the CFPB has been at the center of intense political and policy debate, with its priorities changing dramatically as administrations change.