The Consumer Financial Protection Bureau (Bureau) is issuing this interpretive rule to clarify that the Fair Credit Reporting Act (FCRA) generally preempts State laws that touch on broad areas of credit reporting, consistent with Congress's intent to create national standards for the credit reporting system. This interpretive rule replaces a July 2022 interpretive rule that the Bureau withdrew in May 2025.
CFPB
This is a January 2025 CFPB Amicus Brief in Roberts v. Unlock Partnership Solutions, filed in the federal district court in New Jersey on behalf of neither party. The court directed the parties to brief whether the plaintiff ‘s Truth in Lending Act (TILA) claim is time barred.
This January 2025 CFPB Consumer Advisory highlights issues with consumer understanding of Home Equity Investment Loans, including that the companies may not provide standard disclosures or comply with laws protecting consumers when taking out a mortgage. It also describes pitfalls—the loans are expensive, the homeowner may have to sell the home if unable to repay the loan all at once, and a lien will be placed on the home. The advisory also lists where homeowners can get help.
This January 2025 CFPB press release announces three different actions that the CFPB took on January 15, 2025 regarding home equity investment loans, with links to those actions—a consumer advisory highlighting problems with these loans, a market overview describing the loans, and an amicus brief arguing that these “investments” are mortgage loans within the scope of the Truth in Lending Act.
This January 2025 CFPB market overview examines home equity contracts—often called home equity “investments” (HEIs), a relatively new financial product in which homeowners get an upfront payment and, in exchange, must repay a single lump-sum repayment in the future that is based, in part, on the home’s value. Key findings include:
The Consumer Financial Protection Bureau (CFPB or Bureau) issues this Compliance Bulletin to provide guidance to covered persons and service providers regarding fee assessments for pay-by-phone services (phone pay fees) and the potential for violations of sections 1031 and 1036 of the Dodd-Frank Wall Street Reform and Consumer Protection Act’s (Dodd-Frank Act) prohibition on engaging in unfair, deceptive, or abusive acts or practices (collectively, UDAAPs) when assessing phone pay fees.
The Consumer Financial Protection Bureau (CFPB) published ‘‘Debt Collection Practices (Regulation F)’’ on January 19, 2021, to revise Regulation F, which implements the Fair Debt Collection Practices Act. Omissions in that document resulted in certain paragraphs in the Official Interpretations (Commentary) not being incorporated into the Code of Federal Regulations (CFR). This document corrects the Official Interpretations to Regulation F by adding the missing paragraphs to the CFR.
The Consumer Financial Protection Bureau (CFPB) is charged with promoting competition and innovation in consumer financial products and services. After careful study of emerging offerings in the paycheck advance marketplace, including those marketed as ‘‘earned wage advances’’ and ‘‘earned wage access,’’ the CFPB is proposing this interpretive rule to help market participants determine when certain existing requirements under Federal law are triggered.
The Board and the Bureau (collectively, the Agencies) are publishing final rules amending the official interpretations and commentary for the Agencies’ regulations that implement the Truth in Lending Act (TILA). The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) amended TILA by requiring that the dollar threshold for exempt consumer credit transactions be adjusted annually by the annual percentage increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI–W).
The Bureau of Consumer Financial Protection is rescinding the Statement of Policy Regarding Prohibition on Abusive Acts or Practices.