Breaking: CFPB’s New Acting Director Halts all CFPB activity
If you missed it, news broke on Saturday that Rohit Chopra was no longer at the helm of the CFPB. Scott Bessent was named as acting director this morning, and,...
Author Archives: Kerry Murphy
Federal Court Allows FCRA Claim to Proceed Over Alleged Unauthorized Credit Pulls
Recently, the Eastern District of Kentucky denied a motion to dismiss under the Fair Credit Reporting Act (FCRA) after finding the plaintiffs alleged sufficient facts to support a reasonable inference...
Auto Lending in 2025: Navigating Tariffs, EV Incentives, and Interest Rate Policymaking
With a new administration taking the helm this month, policies expected out of Washington could have major impacts on the auto markets and the ongoing response to inflation and interest...
Technology Modernization: Keys to Finding a Best-Fit Partner
Michelle Macartney recently shared best practices about finding partners when updating an organization’s systems and practices to ‘keep up’ with the digital landscape. She provides valuable insight on the process...
CFPB Releases Semiannual Regulatory Agenda Amid House Financial Services Committee Leaders’ Calls to Halt Rulemaking
In December, the Consumer Financial Protection Bureau (CFPB or Bureau) released its semiannual regulatory agenda, outlining its planned rulemaking initiatives. This agenda includes a mix of rules in the pre-rulemaking, proposed...
Navigating the New CFPB Overdraft Rule: Implications for Financial Institutions
The Consumer Financial Protection Bureau (CFPB) recently finalized its “Overdraft Lending: Very Large Financial Institutions Rule,” introducing sweeping changes to how overdraft credit is structured and regulated for the largest...
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Credit Control, LLC: America’s Best Workplaces Winner
St. Louis, Mo. -- Already named a Best Place to Work in Collections for five consecutive years, Credit Control, LLC is proud to be recognized as one of America’s Best...
Texas Federal Court Denies CFPB’s Motions and Finds Plaintiffs Likely to Succeed on the Merits in Significant Credit Card Late Fee Rule Decision
In a significant development in the ongoing litigation over the Consumer Financial Protection Bureau’s (CFPB or Bureau) Final Rule on credit card late fees, the U.S. District Court for the...
CFPB issues final rule to give bureau supervisory power over digital consumer payment applications
The CFPB has issued a final rule to supervise large nonbank financial services providers that offer general-use digital consumer payment applications such as digital wallets and peer-to-peer payment apps. Many of those...
OCC Releases Updated UDAAP Supervision and Examination Procedures Booklet
On December 3, the Office of the Comptroller of the Currency (OCC) issued version 1.1 of the “Unfair or Deceptive Acts or Practices and Unfair, Deceptive, or Abusive Acts or Practices” booklet...