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The CFPB issued a memo on April 16, 2025, detailing reduced federal oversight of fintechs, rescinding prior enforcement priorities and deferring to state-led enforcement. The bureau also adopted a no-...

In early 2025, CFPB Acting Director Vought issued a stop-work order on February 10, placed staff on administrative leave, and terminated probationary employees, effectively halting CFPB enforcement an...

The CFPB proposed a rule in February 2023 to create a registry for supervised nonbanks that use restrictive form contracts, signaling heightened scrutiny of nonbank fintech practices. The rule targete...

The CFPB finalized a rule defining larger participants in the general-use digital consumer payment applications market, enabling supervision of nonbanks with 50 million or more annual transactions. Th...

The CFPB published a proposed rule on small business lending data collection under the Equal Credit Opportunity Act (Regulation B), with implications for fintech and bank-fintech lending partnerships.

The CFPB issued a consent order against JPay LLC for violations of the Electronic Fund Transfer Act (EFTA). JPay handles payment services for incarcerated individuals.

The CFPB rolled back UDAAP oversight in June 2025, reducing some fintech supervisory burdens. The change affects the regulatory landscape for bank-fintech partnerships but core compliance risks persis...

The CFPB fined Santander $4.75 million in December 2020 for inaccurate auto loan data reporting under the Fair Credit Reporting Act. The action was not BaaS-related but involved consumer lending compl...

The CFPB announced on March 16, 2022, that it would leverage its UDAAP authority to prohibit discrimination in noncredit products such as deposits and payments. This guidance affects banks and their f...

CFPB issued a consent order against BloomTech, Inc. for originating 11,000+ income share agreements (ISAs) that violated TILA/Regulation Z, UDAAP, and the FTC Holder Rule. BloomTech was fined $64,235 ...

The CFPB fined ACI Worldwide $25 million in 2023 for processing $2.3 billion in unlawful payments tied to mortgage servicer Mr. Cooper, which caused overdraft fees for consumers. Banks remain liable f...

The CFPB issued a consent order against fintech GreenSky, LLC for enabling merchants to originate loans without consumer authorization. The order imposed up to $9 million in consumer redress and a $2....

The CFPB took enforcement action against Synapse Financial Technologies, a BaaS middleware provider. The citation references the CFPB's official enforcement actions page for Synapse.

The CFPB issued a consent order against Atlantic Union Bank in December 2023 for failures in obtaining and documenting consumer affirmative consent for regulated overdraft services during 2017–2020. T...