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This week's top headlines

Klarna and Afterpay Keep BNPL Data From Credit Bureaus

Template-Driven Narratives and the Integrity of the CFPB Complaint Database

President Expected to Sign Bill to Rein In Mortgage ‘Trigger Leads’

Consumer Finance in the US Automotive Industry

CFPB Semi Annual Hearing

CBA’s Johnson in New Op-Ed: Now is the Time for Congress and President Trump to Reform CFPB

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Recent News

President Donald J. Trump Guarantees Fair Banking for All Americans
President Expected to Sign Bill to Rein In Mortgage ‘Trigger Leads’
US judge vacates Fed’s debit card ‘swipe fees’ rule, but pauses order for appeal
Judge dismisses US consumer watchdog lawsuit against Experian
CFPB Rolling Back Auto Loan, Credit Reporting Supervision
Comptroller Gould Issues Statement on Executive Order “Guaranteeing Fair Banking For All Americans”
Bipartisan House bill would create task force to combat fraud
GOP Lawmakers Who Voted to Gut CFPB Also Referred Consumer Complaints to Agency
Harper, Otsuka Push For Quick Reinstatement To NCUA Board
BNPL Guidance Has Been Reversed: What’s Next for Consumers?
Mortgage Bankers Take Formal Stand Against Tri-Merge Credit Reporting
Largest Fintech Fund in Credit Union Industry History, Curql Fund II, Closes with $360 Million
The California Financing Law — Commercial and Consumer Lenders Beware
Tips on Starting an Exam Efficiently
FTC Sends Money to Student Loan Borrowers Harmed by Debt Relief Scam
Klarna and Afterpay Keep BNPL Data From Credit Bureaus
Banking agencies release ‘living wills’ for largest banks
ACA Files Amicus Brief Supporting Accuracy Standards in FCRA Disputes
CFPB Faces Cash Crunch as Trump’s New Funding Cap Takes Hold
JPMorgan and Bank of America ‘debanked’ Trump under pressure from Biden admin
Household Debt Rises to $18.39 Trillion as Originations Tick Up
From the Web: Bankruptcy Filings Up 11.5% Over Previous Year
Credit card debt reaches $1.21 trillion in the second quarter
Preemption Win for Federal Credit Union in the Ninth Circuit on Bounced Check Fee Claims
Fourth Circuit Holds Filing a Time-Barred Collections Lawsuit Waives Right to Arbitrate
Foreign buyers are snatching up U.S. homes. The mortgage industry is chasing the opportunity
FDIC Supervisory Approach Regarding the Use of Pre-Populated Information for Purposes of Customer Identification Program Requirements
Dive Deposits: CFPB claps back at GAO
Will JPMorgan take a bigger bite of Apple?
Consumer Finance in the US Automotive Industry
Trump says JPMorgan, Bank of America rejected his deposits
Wells Fargo is rolling out company wide AI. It says everyone from branch tellers to investment bankers will benefit
Nova Credit Sees BNPL Flashing Consumer Warning Signs
Record Surge in Past-Due Student Loans Adds to US Debt Burden
Buy now, pay later: Convenience and constraints – Federal Reserve Bank of Kansas City
Klarna, Afterpay to Withhold ‘Buy Now, Pay Later’ Data From Credit Bureaus, Citing Concerns About Customer Impact
Harper and Otsuka Urge Court to Deny Trump’s Request to Delay NCUA Reinstatement
CBA’s Johnson in New Op-Ed: Now is the Time for Congress and President Trump to Reform CFPB
With New Action Plan, White House Launches AI “Space Race”—What Banks Should Know
FDIC Proposal to Raise Regulatory Thresholds: What It Means for Banks, the Economy and Regulation
Experian: Despite AI gains, fraud losses have increased for nearly 60% of companies
New York DFS gathers info on buy now, pay later products
After Trump order, FTC removes racial discrimination claims against North Texas car dealerships
In Case You Missed It: Consumer Financial Services Law Monitor – July 2025 in Review
Rise of the Digital Boomer (and What Credit Unions Can’t Overlook)
Why Mortgage Lenders Are Ignoring Trump’s Rollback on Home Appraisal Reviews
How Synchrony Delivers Credit Card Decisions in Six Seconds
Nonbank auto lenders may no longer be governed by CFPB  
Trigger Leads Ban Clears Senate, Heads to President Trump
Student loan wage garnishment could start soon: Here’s what you can do
ELGA CU’s Bank Acquisition Pushed To 2026 Amid NCUA Staffing Shortages
CU Loan Growth Accelerates in 2025, Yet Still Trails 7% Long-Term Average
Gov. Matt Meyer signs bill to remove medical debt from credit reporting; announces elimination of $50 million in medical debt
Template-Driven Narratives and the Integrity of the CFPB Complaint Database
MA AG Issues Updated Guidance Ahead of “Junk Fee” Compliance Deadline
When Does a Consumer’s Permission to Make Credit Inquiries Expire?
Gruenberg named in FDIC workplace misconduct report
New TransUnion Analysis Finds 18 Million Auto Loan Borrowers Could Save Substantial Money by Refinancing Their Loans
Kyle Hauptman – Chairman, NCUA – LinkedIn
California Home Improvement and Solar Financing Bill Passed by Senate and Moving Through Assembly
Adam Cohen Named OCC Chief Counsel
Correa Joins Bicameral Push To Remove Americans’ Medical Debt From Credit Reports
Senate bill would prohibit SBA from making direct 7(a) loans
Bipartisan Bill Aims To Make NCUA Liquidity Facility Enhancements Permanent
Harley-Davidson signs $5 billion deal to sell stake of consumer lending division
Credit Card Delinquencies Surpass Pre-Pandemic Levels
Even households earning $150,000 a year are struggling with credit card and car payments
FDIC proposes to replace Supervision Appeals Review Committee with an independent office
Equifax National Market Pulse Data Shows U.S. Consumers Continuing to Spend, Avoiding Delinquency
Troutman Pepper Locke Weekly Consumer Financial Services Newsletter
CFPB Section 1033 Open Banking Rule Stayed as CFPB Initiates New Rulemaking
JPMorgan Chase Close to Deal Taking Over Apple Card Program, Reports Say
Senate Banking advances first large, bipartisan housing package in a decade
CBA Statement on CFPB Decision to Revise Personal Financial Data Rights Rule
Bank acquisitions announced in four states
ROAD to Housing Act is a strong first step, significant access gap remains
Reinstatement of dismissed NCUA board members stayed by appeals court
Akeela White Analyzes in ARM Compliance Digest: CFPB Publishes Plan for Handling Criminal Regulatory Offenses
CFPB to revise open banking rule
More than $360 million in CFPB compensation ‘at risk,’ say US consumer groups
Federal Banking Regulators Propose to Formally Flip Position on Biden-Era CRA Rules
Federal Judge rejects request to release ESSA Bank from redlining settlement
Fed meeting: Breakdown of where borrowing rates stand
Equifax Qlarifi BNPL Study Explores Credit Risk and Fraud
More than $360 million in CFPB compensation ‘at risk,’ say US consumer groups
CFPB Tells Judge It Plans to Redo Consumer Data Rights Rule
Senate Banking Committee advances bill to accelerate housing construction
State Bankers Association Letter to Treasury Secretary Kies Requesting a Study on Credit Unions
Unbridled and Underregulated: Removing FCRA and GLBA Exemptions from Privacy Laws to Hold Data Brokers Accountable
Eleventh Circuit Rules “Self-Inflicted” Harm Does Not Create FCRA Standing
Community Groups File Lawsuit Seeking to Force CFPB to Implement the Section 1071 Rule
Industry groups respond to fintech letter “misstatements” regarding CFPB 1033 rule
NCUA should focus on FOM reforms, additional regulatory relief
America’s Credit Unions Nearing Decision In President/CEO Search, Finalists Being Considered
FTC takes action against Accelerated Debt for running a debt relief scam
Bills introduced in both chambers to clarify CFPB supervision of insurance
Fired NCUA board members sidelined again
FTC Awarded Grant to Upgrade its Data Processing Capabilities Needed to Analyze Data Used in Investigations
JPMorgan: Fintech middlemen like Plaid are ‘massively taxing’ its systems
2025 Mid-Year Review: State AGs in a New Era – Lexology