CFPB Wants to Scale Back Use of Civil Penalty Fund

CFPB Wants to Scale Back Use of Civil Penalty Fund

America’s consumer protection watchdog has proposed scaling back use of its civil penalty fund. [contact-form-7] This latest change at the Consumer Financial Protection Bureau (CFPB), announced Wednesday (June 18), would restrict use of the fund to compensation for consumers impacted by companies subject to civil actions. It marks the latest example of the CFPB’s reduced scope under President Donald Trump, following actions that include…

CFPB Extends Section 1071 Rule Compliance Dates

As previously reported, in addressing the fact that current stays of the section 1071 small business data collection and reporting rule only apply to the applicable plaintiffs, intervenors and their members, the CFPB advised in May 2025 that it would not make enforcement of the rule a priority in order to provide relief to parties not covered by any court stay of the rule.... Continue Reading