CFPB and Financial Regulators (FDIC, FHFA, FED, CFTC, NCUA, OCC, SEC)

Tues, Oct 28, 2025:
US consumer finance watchdog formally kills Biden-era bad actor registry – Reuters

Wed, Aug 6, 2025:
These GOP Lawmakers Referred Constituents to the CFPB for Help. Then They Voted to Gut the Agency.
Many of the same Republican lawmakers who have targeted the Consumer Financial Protection Bureau for cuts have collectively directed thousands of constituents’ complaints about banks, credit cards, loans and other products to the agency. – ProPublica

Tues, July 1, 2025:
The CFPB’s megabill moment – Politico

Fri, May 9, 2025:
President Trump plans to drop his nomination for Jonathan McKernan to lead the Consumer Financial Protection Bureau, leaving the agency in the hands of a temporary director as Mr. Trump’s officials work to gut the agency. – NYTimes

Fri, March 28, 2025:
Judge orders CFPB to reinstate fired employees, preserve records and get back to work – CNBC
CFPB dissolution halted by federal judge; In a preliminary injunction, U.S. District Judge Amy Berman Jackson ordered the Consumer Financial Protection Bureau to reinstate dismissed employees – WP

Mon, March 3, 2025:
The illegal plan to dismantle the CFPB is failing. – Prospect

Fri, Feb 28, 2025:
Trump and DOGE plan to fire nearly all CFPB staff and wind down agency – NBC

Thurs, Feb 27, 2025:
Senators grill CFPB nominee – Roll Call

Thurs, Feb 20, 2025:
DOGE’s FDIC firings put banking system at risk – Warren

Wed, Feb 19, 2025:
Trump moves to narrow independence of Fed, along with other Wall Street regulators; WH seeks greater control over Fed activities, including bank regulation, but stops short of trying to influence interest rate decisions – WP

Tues, Feb 18, 2025:
Trump order challenges independence of FCC, FTC and financial regulators – WP

Wed, Feb 12, 2025:
With attack on consumer bureau, Musk removes obstacle to his “X money” vision – NYT
Trump’s CFPB pick-Jonathan McKernan-signals stability amid fears for the agency’s future – Politico
Trump nominates new CFPB Director – ConsumerAffairs
Trump unveils nominees for CFPB Director, Comptroller of the Currency – The Hill

Tues, Feb 11, 2025:
CFPB heads of supervisions and enforcement announce resignations after stop-work order – CNBC
The CFPB took aim at Big Tech. Then Musk moved to dismantle it. – WP

Mon, Feb 10, 2025:
What is the CFPB and why is it a Trump target; CFPB was established to root out corporate wrongdoing after the 2008 crash – WP
DOGE-backed halt at CFPB comes amid Musk’s plans for “X” digital wallet that would have been subject to CFPB consumer safeguards – Bloomberg

Sun, Feb 9, 2025:
The flip-side to CFPB v. CFSAA: What is the Director requests $0 in appropriations – Reason
In an email to staff of the Consumer Financial Protection Bureau, the agency’s acting director ordered workers to cease all bank supervision and consumer engagement activity. – NYT

Fri, Feb 7, 2025:
Musk’s DOGE descends on CFPB with eyes on shutting it down – Politics

Wed, Feb 5, 2025:
Trump and Musk are moving to smother these three pieces of the government-CFPB, AID, DoEd– CNN

Mon, Feb 3, 2025: CFPB halts work after Trump appoints Bessent as acting head – WashPost

Thurs, Jan 2, 2025: Treasury, FHFA roadmap for eventual release of Fannie, Freddie from federal supervision – Bloomberg

Fri, Dec 13, 2024: Update on Effects of Recapitalizing Fannie Mae and Freddie Mac – CBO

Thurs, Dec 12, 2024: Trump advisers seek to shrink or eliminate bank regulators; ask potential nominees whether Trump could abolish FDIC – WSJ

Developments related to the Consumer Financial Services Association v. CFPB case:

May 16, 2024	In a landmark 7-2 ruling, the Supreme Court overruled the Fifth Circuit, upholding the Consumer Financial Protection Bureau’s funding mechanism: “Under the Appropriations Clause, an appropriation is simply a law that authorizes expenditures from a specified source of public money for designated purposes,” Justice Thomas wrote for the majority. “The statute that provides the Bureau’s funding meets these requirements.” Read the opinion.
Nov 3, 2023	District Court stays CFPB action pending SCOTUS decision in CFSA case
Oct 3, 2023	Oral arguments audio; Oral arguments transcript; Oral arguments summary – NPR
Aug 21, 2023	SCOTUS denied request by WVa AG and 26 other state AGs to participate in Oct. 3 oral arguments
Jul 11, 2023	Brief of 132 Members of Congress as Amici Curiae in Support of Respondents
Jul 10, 2023	Brief of Amici Curriae The Chamber of Commerce et.a. in Support of Respondents
Jul 10, 2023	Brief of Amicus Curiae John Michael “Mick” Mulvaney in Support of Respondents
Jun 21, 2023	Petition for Writ of Certiorari in Law Offices of Crystal Maroney, P.C. v. CFPB
May 8, 2023	Solicitor General and CFPB filed Brief for the Petitioners.
April 28, 2023	Defendant in second circuit case (Moroney) filed a motion with the Second Circuit to stay its mandate pending the filing of a petition for a writ of certiorari by Moroney. Next step: the Supreme Court could grant the petition and either consolidate it for argument with CFSA or hold it pending the outcome in CFSA.
Mar. 23, 2023	Second Circuit ruled that CFPB’s funding mechanism is constitutional in CFPB v. Law Offices of Crystal Moroney, P.C.
Mar. 9, 2023	House Committee on Financial Services Subcommittee Hearing: “Consumer Financial Protection Bureau: Ripe for Reform”; Staff Memorandum.
Feb. 17, 2023	Certiorari petition granted.
Feb. 01, 2023	Reply to Brief in Opposition
Feb. 01, 2023	Reply of petitioner Consumer Financial Protection Bureau, et al. filed.
Jan. 13, 2023	Brief of respondents Community Financial Services Association of America, Limited, et al. in opposition filed.
Dec. 14, 2022	Brief amici curiae of New York, et al. filed.
Dec. 14, 2022	Brief amici curiae of West Virginia, et al. filed.
Dec. 9, 2022	District Judge Katherine Polk Failla granted a stay on motion to dismiss a separate CFPB enforcement action pending the Supreme Court’s review of the certiorari petition in CFSA v. CFPB.
Nov. 22, 2022	Motion to extend the time to file a response granted.
Nov. 21, 2022	Response to motion to extend the time to file a response filed.
Nov. 21, 2022	Motion to extend the time to file a response from December 14, 2022 to January 13, 2023.
Nov. 14, 2022	Petition for a writ of certiorari filed. (Response due December 14, 2022)
Oct. 19, 2022	5th Circuit ruled in Consumer Financial Services Association of America Ltd. v. CFPB that “Congress’s decision to abdicate its appropriations power under the Constitution, i.e., to cede its power of the purse to the Bureau, violates the Constitution’s structural separation of powers,” and therefore vacated the Bureau’s 2017 Payday Lending Rule.