Rescission of CFPB's 2022 Interpretive Rule: A Shift in the Scope of State Enforcement Authority Under the CFPA

Is the Mortgage Industry Safe with CFPB Under Fire? - Boston Real Estate Investors Association

Is the mortgage industry still safe? The Consumer Financial Protection Bureau (CFPB) has been ordered to halt all work while awaiting a new Trump-appointed director. While you may not often hear about this government agency, the CFPB plays a huge role in the mortgage industry and is the reason 2008-style lending practices have not been […] The post Is the Mortgage Industry Safe with CFPB Under Fire? appeared first on Boston Real Estate Investors…

Rescission of CFPB's 2022 Interpretive Rule: A Shift in the Scope of State Enforcement Authority Under the CFPA

On May 15, the Consumer Financial Protection Bureau (CFPB or Bureau) officially rescinded its May 2022 interpretive rule concerning the scope of state enforcement authority under § 1042 of the Consumer Financial Protection Act of 2010 (CFPA). According to the CFPB, this decision restores statutory limits on states’ authority and aligns enforcement actions with the original legislative intent of the CFPA. By restoring statutory limits and promoti…

FDATA North America Urges CFPB to Preserve Personal Financial Data Rights Rulemaking - Financial Data and Technology Association (FDATA)

Contact: Laine Williams, (202) 897-4757,  lwilliams@allonadvocacy.com  Washington, DC, May 21, 2025 – The Financial Data and Technology Association of North America (“FDATA North America”), a trade association representing more than 30 financial technology companies and consumer-permissioned data access platforms in Canada and the United States, today sent a letter to Acting Consumer Financial Protection Bureau (“CFPB” or “Bureau”) Director Russ…