As has been well-documented, the Consumer Financial Protection Bureau (CFPB or Bureau) is navigating a period of significant uncertainty. Just last week, the U.S. Court of Appeals for the District of Columbia vacated a preliminary injunction in the case of National Treasury Employees Union v. CFPB, potentially allowing for substantial layoffs and operational changes within the agency (discussed here). Despite this development, the CFPB briefly released an ambitious rulemaking agenda on the OMB’s Office of Information and Regulatory Affairs website on August 15, which then became inaccessible due to “Site Maintenance.”
In an era of escalating data breaches, organizations must be vigilant in protecting consumer information. A comprehensive federal data privacy law would streamline compliance efforts, but Congress has yet to pass one, leaving states to fill the gap.
On August 13, the U.S. Court of Appeals for the 8th Circuit reversed a lower court’s ruling that awarded damages and attorneys’ fees to a consumer who received a debt collection letter after requesting no further contact. The consumer alleged the letter violated the “ceasing communication” provision — Section 1692c(c) — of the FDCPA. The panel held that receipt of a single, statutorily-required letter sent in response to the consumer’s dispute of a debt did not constitute a “concrete injury” sufficient to establish Article III standing.
The Consumer Financial Protection Bureau (CFPB) has released an advance notice of proposed rulemaking (ANPR) on personal data rights, commonly known as the Section 1033 rule or open banking rule. The ANPR is scheduled for publication in the Federal Register on August 22, 2025, after which the public will have 60 days to submit comments.
The Office of the Comptroller of the Currency (OCC) today released enforcement actions taken against national banks and federal savings associations (banks), and individuals currently and formerly affiliated with banks the OCC supervises.
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