Federal & CFPB Regulations

CFSA Statement on New CFPB Small-Dollar Lending Rule

February 6, 2019 | Federal & CFPB Regulations

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

December 6, 2018 | Federal & CFPB Regulations

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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Court Stays Compliance Date of Small-Dollar Lending Rule

November 7, 2018 | Federal & CFPB Regulations

Court Stays Rule Implementation While Bureau Revisits Rulemaking...

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

September 17, 2018 | Federal & CFPB Regulations

CFSA Files Preliminary Injunction to Stop Bureau Rule to Prevent Further Financial Costs, Store Closings and Employee Layoffs
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CFSA Statement on Court Ruling CFPB Structure Unconstitutional

June 22, 2018 | Federal & CFPB Regulations

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

June 18, 2018 | Federal & CFPB Regulations

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

April 9, 2018 | Federal & CFPB Regulations

Lawsuit Alleges CFPB Violated Federal Regulatory Requirements; Bureau Structure is Unconstitutional
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CFPB should make sure payday rule reboot meets consumer needs

March 8, 2018 | Federal & CFPB Regulations

The federal government and the entire financial services industry have a duty to help Americans understand their consumer rights so they can make well-informed decisions with their money — but it is unclear how often this is happening. ...

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