In this month’s article, we share some of our top “bites” covered during the August 2025 webinar. Bite 18: CFPB Withdraws Rule that Would Have Rescinded State Official Notification Rule On July 21, 2025, the CFPB withdrew a rule that would have rescinded procedures for state officials to notify the CFPB when enforcing the Consumer Financial Protection… Continue reading Consumer Financial Services Bites of the Month – August 20, 2025 – “August is Over CFPB”
Highlights: Enforcement Summary: On August 21, 2025, the Consumer Financial Protection Bureau filed an enforcement action in connection with Chapter 11 bankruptcy proceedings for a fintech (the “Fintech”) acting primarily as a third-party service provider for other fintechs and their bank partners, by providing services including advertising, deposit account maintenance, offering debit cards and services,… Continue reading CFPB Files Action against Fintech Bank Partner for Alleged Unfair Practices Related to Record Keeping of Consumer Funds
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