"I think we feel pretty comfortable that the rule has been vacated, and we don't expect it to come back in a similar form any time in the near future ... In March 2024, when Joe Biden was still ...

The Trump administration's decision to drop a $2.25 million CFPB settlement against student loan trusts is part of a pattern of reducing consumer protection efforts in the student loan industry.

Some 14 percent of Americans had used buy-now, pay-later services (known as BNPL), such as Klarna, Affirm, and Afterpay, in the year leading up to fall 2023, one estimate found. The services ...

On May 15, 2025, the Consumer Financial Protection Bureau (CFPB) filed an interim final rule in the Federal Register that will rescind its prior ...

A federal consumer protection agency's withdrawal of numerous guidance documents will have little legal effect.

The Consumer Financial Protection Bureau issued a policy directive rescinding scores of standing guidance documents, interpretive rules and advisory opinions in a bid to reduce compliance costs.

According to the notice, the rescinded documents include guidance dating back to 2011 and cover a wide range of topics. The ...

With a July deadline approaching for compliance with the rule by nonbanks — including fintechs and alternative commercial finance companies — the CFPB chose to deregulate via press release. Late ...

The CFPB accused the trusts of bringing improper debt collection lawsuits against private student loan borrowers, suing consumers for debts the trusts couldn't prove were owed and attempting to ...

The CFPB did not immediately respond to a request for comment. Under the Biden administration, the consumer watchdog had unleashed a number of rulings against student loan providers, removed ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation ...