On August 26, 2024, a federal district court for the Southern District of Texas granted summary judgment in the Consumer Financial Protection Bureau’s favor and rejected a challenge to the CFPB’s ...

The Consumer Financial Protection Bureau (CFPB or Bureau) recently announced that it plans to revisit – and potentially revise – its controversial small business data collection rule implementing ...

The decision is a win—for now, at least—for banking groups that claimed the additional red tape imposed by the rule would have a chilling effect on access to capital. The rule was seen as a hot-button ...

A federal magistrate judge has recommended upholding the Consumer Financial Protection Bureau's small business lending data collection rule, rejecting a challenge by merchant cash advance lenders.

Consumer advocates led by Rise Economy have sued the Consumer Financial Protection Bureau for the second time for failing to implement the small-business data collection rule mandated by Congress 15 ...