U.S. Rep. Andy Barr (R-Ky.) recently introduced H.R. 7588, the Eliminating Fraud in the CFPB’s Complaint Database Act, legislation aimed at strengthening the accuracy and integrity of the Consumer Financial Protection Bureau’s public Consumer Complaint Database.
The bill proposes amendments to the Consumer Financial Protection Act of 2010 by adding stricter verification requirements for individuals submitting complaints and implementing additional reforms to how complaints are processed and published.
We are releasing today on our Consumer Finance Monitor podcast our host Alan Kaplinsky’s discussion with Marisa Calderon, President and CEO of Prosperity Now, about two high-profile policy proposals raised or embraced by President Trump as part of a broader populist affordability agenda:
The Federal Deposit Insurance Corporation (FDIC) today issued its list of state nonmember banks recently evaluated for compliance with the Community Reinvestment Act (CRA). The list covers evaluation ratings that the FDIC assigned to institutions in December 2025.
The New York City Department of Consumer and Worker Protection (DCWP) has adopted amendments to its debt collection rules, clarifying their intent and scope while making several substantive adjustments.
According to the DCWP, the overall goal of the rules is to significantly expand record retention and reporting requirements for collection agencies, revise validation and verification procedures, and enhance consumer protections. The rules also require debt collectors to inform consumers about available language access services.
The New York Department of Financial Services has published proposed rules governing Buy Now, Pay Later (BNPL) financing plans operating in the state.
The proposal, among other things, would require BNPL providers to register with the state. The regulations implement a law signed by Governor Kathy Hochul as part of her FY26 budget plan.
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