Since its inception in 2011, the CFPB has cost consumers between $237 billion and $369 billion, the Trump Administration’s Council of Economic Advisers (CEA) said, in a report.
The Federal Trade Commission has formally eliminated the Non-Compete Clause Rule (16 CFR Part 910) from the Code of Federal Regulations. This procedural step closes the chapter on the agency’s attempted nationwide ban and aligns federal regulations with court rulings that blocked the rule before it could take effect.
As delinquency rates rise, the volume of accounts represented by Debt Settlement Companies (DSCs) has reached a critical mass. Historically, many lenders have viewed the presence of a DSC as an obstacle—a third party that "interrupts" the direct relationship with the consumer. However, a more productive operational view is to treat the DSC as a structured resolution partner that can be leveraged to liquidate risk more efficiently than traditional outbound efforts.
For the first time since 2017, the total number of college- and university-affiliated credit card issuers did not decrease, but stayed at 133, according to the CFPB’s annual “College Credit Card Agreements” report.
On January 27, the Government Accountability Office (GAO) released a report, Consumer Financial Protection Bureau: Status of Reorganization Efforts (GAO‑26‑108448), that offers a detailed snapshot of the Consumer Financial Protection Bureau’s (CFPB or Bureau) ongoing downsizing and restructuring. This is the first of two GAO reports that focus on the CFPB’s reorganization and its ability to fulfill its statutory functions going forward.
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