The Consumer Financial Protection Bureau Recent Updates
Published DEC 10, 2025
Data Spotlight on the Buy Now, Pay Later Market
The market for buy now, pay later (BNPL) credit, typically a four-payment loan with no interest used by consumers to make retail purchases, continued to expand between 2019 and 2023. Using data provided by six large BNPL companies, the CFPB examined trends in the BNPL market for calendar years 2019 to 2023. The report includes key market metrics including BNPL loan volume, number of users, frequency of use, average loan size, late fees, and charge-off rates.
Published DEC 10, 2025
Extension of Q3 On Time Filing
On December 1, the last day of on-time filing for the 3rd quarter of 2025, the HMDA Filing Platform was taken down for maintenance. This event caused a disruption of access for covered quarterly filers. Due to this interruption and to prevent compliance complications, the on-time filing window will be extended to December 12. Please reach out to HMDA Help if you were impacted by the service outage.
Published NOV 21, 2025
CFPB’s Supervision Division Releases New ‘Humility Pledge’
On November 21, the Consumer Financial Protection Bureau (CFPB or Bureau) notified staff that it will restart supervision and require examiners, beginning with the 2026 examination cycle, to open each review by reading to the supervised entity a Humility in Supervisions Pledge.
Published NOV 11, 2025
CFPB Notifies Court it Cannot Lawfully Draw Funds from the Federal Reserve
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.
Published
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.
Published
CFPB Announcement Regarding Enforcement Actions Related to Buy Now, Pay Later Loans
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”).
Published
CFPB Keeps Its Enforcement and Supervision Resources Focused on Pressing Threats to Consumers
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).
Published
CFPB Offers Regulatory Relief From Registration Requirements for Small Loan Providers
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”.
Published
2024 HMDA Data on Mortgage Lending Now Available
The published data contain loan-level information filed by financial institutions and modified to protect consumer privacy.
Published
CFPB Offers Regulatory Relief for Small Loan Providers
The Bureau will keep its enforcement and supervision resources focused on pressing threats to consumers, particularly servicemen and veterans.
Published
On January 31, 2025, President Trump designated Secretary of the Treasury Scott Bessent as Acting Director of the Consumer Financial Protection Bureau (CFPB).
Published
CFPB Orders Wise to Pay $2.5 Million for Illegal Remittance Practices
The CFPB ordered the international remittance company Wise to pay nearly $2.5 million for a series of illegal actions.
Published
CFPB Updates List of Consumer Reporting Companies
Today, the Consumer Financial Protection Bureau (CFPB) released its annual list of consumer reporting companies.
Published
CFPB Finds Servicemembers Pay More in Auto Lending Market
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.
Published
CFPB Report Finds Continued Challenges for Households that Rent
Today, the Consumer Financial Protection Bureau (CFPB) released two reports looking at national rental payment data from September 2021 to November 2024.
Published
CFPB Report Finds Cash-Out Mortgage Refinance Borrowers Improve Credit Scores
Today, the Consumer Financial Protection Bureau (CFPB) published a report about financial outcomes for cash-out refinance mortgage borrowers.
Published
CFPB Finds More Vehicles Eligible for Repossession Than Pre-Pandemic
The CFPB published a report showing that the rate of auto repossessions at the end of 2022 surpassed pre-pandemic levels.
Published
CFPB Takes Action Against Draper & Kramer Mortgage for Discriminatory Mortgage Lending Practices
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.
Published
CFPB Orders Equifax to Pay $15 Million for Improper Investigations of Credit Reporting Errors
The CFPB took action against Equifax, the nationwide consumer reporting agency, for its failure to conduct proper investigations of consumer disputes.
Published
The CFPB ordered the American Honda Finance Corporation to pay $12.8 million for reporting inaccurate information that affected the credit reports of 300,000 people.
Published
The CFPB took action to resolve its case against the National Collegiate Student Loan Trusts for unlawfully filing defective debt collection lawsuits to collect on private student loan debt.
Published
CFPB Orders Operator of Cash App to Pay $175 Million and Fix Its Failures on Fraud
The CFPB ordered Block, the operator of the peer-to-peer payments app Cash App, to refund consumers $175 million and pay a penalty of $175 million.
Published
CFPB Issues New Electronic Fund Transfers Frequently Asked Question
the CFPB issued a new Electronic Fund Transfers Frequently Asked Question (FAQ) about the compulsory use prohibition. The new FAQ is Coverage: Transactions Question 6.
You can access the new FAQ here: https://www.consumerfinance.gov/compliance/compliance-resources/deposit-accounts-resources/electronic-fund-transfers/electronic-fund-transfers-faqs/.
Published
Strengthening State-Level Consumer Protections
Today, the CFPB is releasing new recommendations to states on how they can update their laws and regulations to meet new risks and challenges.
Published
The CFPB sued Capital One for cheating millions of consumers out of more than $2 billion in interest.
Published
CFPB Issues Proposed Rule to Prohibit Certain Terms and Conditions in Agreements for Consumer Financial Products or Services
The CFPB issued a proposed rule related to prohibited terms and conditions in agreements for consumer financial products or services.
The rule would prohibit certain contractual provisions in agreements for consumer financial products or services. The proposal would prohibit covered persons from including in their contracts provisions purporting to waive substantive consumer legal rights and protections (or their remedies) granted by State or Federal law. The proposal would also prohibit contract terms that limit free expression, including with threats of account closure, fines, or breach of contract claims, as well as other contract terms. The proposal would also codify for covered persons under the Dodd-Frank Act certain longstanding prohibitions under the Federal Trade Commission’s (FTC) Credit Practices Rule.
Comments on the proposal are due: April 1, 2025.
You can access the proposed rule here: www.consumerfinance.gov/rules-policy/notice-opportunities-comment/open-notices/prohibited-terms-and-conditions-in-agreements-for-consumer-financial-products-or-services-regulation-aa/.
Published
The CFPB found significant differences in the likelihood that homeowners with a mortgage are adequately insured against flooding based on location and income and assets.
Published
CFPB Proposes Rule to Ban Contract Clauses that Strip Away Fundamental Freedoms
Today, the Consumer Financial Protection Bureau (CFPB) proposed a rule that would stop financial companies from forcing Americans to choose between participating in the financial system or giving up their rights, including those guaranteed by the Constitution.
Published
The CFPB released a study finding one fifth of consumers used Buy Now, Pay Later (BNPL) loans in 2022, and many held simultaneous loans from multiple lenders.
Published JAN 13, 2025
CFPB Issues HMDA and TILA Asset-Size Threshold Adjustments and issues Civil Penalty Inflation Adjustments
The CFPB has issued several annual inflation adjustment final rules.
First, the CFPB has announced the asset-size exemption thresholds for depository institutions under Regulation C. Second, the CFPB has announced the asset-size exemption thresholds for certain creditors under the escrow requirements and small creditor portfolio and balloon-payment qualified mortgage requirements, and the small creditor exemption from the prohibition against balloon-payment high-cost mortgages under Regulation Z. These adjustments are effective on January 1, 2025, consistent with relevant statutory or regulatory provisions.
Third, the CFPB announced the annual adjustments for inflation to the CFPB’s civil penalty amounts, as required by the Federal Civil Penalties Inflation Adjustment Act, as amended. This final rule is effective on January 15, 2025.
You can access the Regulation C notice at: http://www.consumerfinance.gov/policy-compliance/rulemaking/final-rules/home-mortgage-disclosure-regulation-c-adjustment-asset-size-exemption-threshold/.
You can access the Regulation Z notice at: http://www.consumerfinance.gov/policy-compliance/rulemaking/final-rules/truth-lending-act-regulation-z-adjustment-asset-size-exemption-threshold/.
You can access the CFPB’s civil penalty amounts notice at: https://www.consumerfinance.gov/rules-policy/final-rules/civil-penalty-inflation-annual-adjustments/.
Published
CFPB Issues Proposed Interpretive Rule on Emerging Payment Mechanisms
The CFPB issued a Proposed Interpretive Rule related to requirements that apply to emerging payment mechanisms, such as stablecoins and other digital assets that operate as a medium of exchange or as a means of paying for goods and services, under Regulation E and the Electronic Fund Transfer Act (EFTA).
Comments on the proposed interpretive rule are due by: March 31, 2025.
You can access the proposed interpretive rule here: www.consumerfinance.gov/rules-policy/notice-opportunities-comment/open-notices/electronic-fund-transfers-through-accounts-established-primarily-for-personal-family-or-household-purposes-using-emerging-payment-mechanisms-electronic-fund-transfer-act-regulation-e/.
Published
CFPB Seeks Input on Digital Payment Privacy and Consumer Protections
Today, the CFPB announced that it is seeking public input on strengthening privacy protections and preventing harmful surveillance in digital payments, particularly those offered through large technology platforms.
Published
CFPB Approves Application from Financial Data Exchange to Issue Standards for Open Banking
The CFPB issued an order recognizing Financial Data Exchange, Inc. (FDX) as a standard setting body under the CFPB’s Personal Financial Data Rights rule.
Published
CFPB Sues Experian for Conducting Sham Investigations of Consumer Report Errors
The CFPB sued Experian, the nationwide consumer reporting agency, for unlawfully failing to properly investigate consumer disputes.
Published
CFPB Finalizes Rule to Remove Medical Bills from Credit Reports
Today, the Consumer Financial Protection Bureau (CFPB) finalized a rule to ban the inclusion of medical bills on credit reports used by lenders and prohibit lenders from using medical information in their lending decisions.
The final rule removes a regulatory exception in Regulation V that previously permitted a creditor to obtain or use medical information, including medical debt information, and amends existing exceptions for using medical information related to credit eligibility determinations. The final rule generally prohibits consumer reporting agencies from including medical debt information in consumer reports to creditors making credit determinations.
The CFPB also issued an unofficial redline and executive summary of the final rule.
- You can access the final rule, the unofficial redline, and the executive summary here: www.consumerfinance.gov/compliance/compliance-resources/other-applicable-requirements/fair-credit-reporting-act/.
Published
CFPB Sues Vanderbilt for Setting Borrowers Up to Fail in Manufactured Home Loans
The CFPB sued Vanderbilt Mortgage & Finance for setting families up to fail when they borrowed money to buy a manufactured home.