Dormant Authority News Today

The Consumer Financial Protection Bureau ("CFPB"), Department of Health and Human Services ("HHS"), and United States Treasury have issued an interagency Request for Information ("RFI")...

Our lawyers provide an overview of some of the most significant developments in cybersecurity and data privacy in the United States in 2022 and look ahead to trends for 2023.

On Dec. 12, 2022, the Consumer Financial Protection Bureau ("Bureau") issued a proposed rule ("Proposed Rule") which would require nonbank covered persons (subject to certain exceptions)...

Welcome to Wilson Sonsini’s Focus on Fintech quarterly newsletter. This quarterly newsletter provides ongoing analysis and commentary on regulatory developments impacting the fintech...

In 2020, the CFPB blogged that Regulation B's flexibility can be compatible with AI algorithms, because "although a creditor must provide the specific reasons for an adverse action…

The Consumer Financial Protection Bureau (CFPB) has been contemplating data, algorithms, and machine learning for years. In 2017, as part of a field hearing on alternative data, the...

CFPB Invokes Dormant Authority to Examine Nonbank Companies Posing Risks to Consumers and CFPB Claims Oversight Over More Entities Including Fintechs; Says It Will Publish Supervisory...

Effective in thirty days, this announcement could result in a substantial expansion of the CFPB's supervisory authority.

CFPB announced that it is using its dormant authority to examine nonbanks. CFPB intends invoke its authority under the Dodd-Frank Act to examine nonbanks whose activities the CFPB has reasonable cause to determine pose risks to consumers.

This report provides a snapshot of the US Executive Branch priorities via daily schedules and the prior day's press releases.