Today, the Consumer Financial Protection Bureau (CFPB or Bureau) published a policy statement in the Federal Register outlining its approach to addressing criminally liable regulatory offenses. This publication comes in response to Executive Order 14294, issued by President Trump on May 9, 2025, which aims to combat overcriminalization in federal regulations.
May ’25 Mostly Up Again
After an across the board decline in April, most of May’s numbers are back up. Only TCPA (-15.3%) suits fell last month while FDCPA (+15.5%) and FCRA (+10.1%) suits were up.
Senate Banking, Housing and Urban Affairs (Banking Committee) Republicans have received the Senate Parliamentarian’s approval to cut the CFPB’s funding. As a result, in the large budget reconciliation bill now being written in the Senate the amount will drop from a maximum of 12% of the Federal Reserve’s inflation adjusted profits in 2009 to 6.5% of those profits.
The District Court in Alabama – a common venue for certain consumer attorneys – isn’t mincing words when it comes to how consumers must plead Fair Debt Collection Practices Act (FDCPA) cases and how Regulation F should be considered in FDCPA actions. Within the context of a recent lawsuit, the court cautioned against “shotgun pleadings” and dismissed a suit on the basis that Regulation F is not synonymous with the FDCPA, and the court is not required to defer to it.
Accusing the Trump Administration of “dismantling” the CFPB, New York City Comptroller Brad Lander is calling on city and state officials to fill the void by strengthening consumer protection laws and rules in the city and state.
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