The New Reality of Regulation and Enforcement

October 22, 2025

Read Time: 1 min

The CFPB rescinded (almost) all of its guidance and is no longer pursuing enforcement actions. What does this mean for regulatory compliance?

Brian Fink, Jim Milano, Jim Sandy, and Will Wojcik will present a panel on “The New Reality of Regulation and Enforcement” during McGlinchey’s 24th Annual Consumer Finance Legal Conference on October 22, 2025. They will discuss how the FTC and the states are filling that vacuum, including what to do if you receive an investigatory subpoena.

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Insights

Alert

Trump Nominates New CFPB Director: Does it Matter?

November 20, 2025

President Trump has nominated Stuart Levenbach to serve as permanent director of the CFPB.

In the Media

Judge blocks CFPB open banking rule enforcement

October 30, 2025

Member Adam Maarec (Washington) was quoted in an article in Banking Dive Magazine on October 30, 2025. The article covered the preliminary injunction in a federal lawsuit enjoining a U.S. open banking framework until the Consumer Financial Protection Bureau issues a new rule. Vought’s comments, and the agency’s prior stance toward the rule’s legality, makesMore

Alert

Changes to US Open Banking Regulation: Tea Leaves from the CFPB’s Latest Action

September 9, 2025

The CFPB recently published an Advance Notice of Proposed Rulemaking (ANPR) to reconsider four key issues related to its “Personal Financial Data Rights” rules, which were finalized at the end of 2024 but have been mired in controversy ever since. So what exactly does this latest effort mean for the future of open banking regulations in the U.S.?

Alert

CFPB to Reopen 1033 Open Banking Rulemaking

July 31, 2025

The CFPB’s open banking rules, issued under Section 1033 of the Dodd-Frank Act, have been the subject of ongoing litigation since their finalization late last year.

In the Media

CFPB Plans to Ask Court to Vacate Biden Open Banking Rule

May 9, 2025

Adam Maarec was quoted in a Bloomberg Law article on the fate of the CFPB's Section 1033 rule on Open Banking, pertaining to financial companies' access to consumer data.

Published Article

Planning For Open Banking Despite CFPB Uncertainty

April 30, 2025

Open banking has been lauded by many as an accelerant for innovation in financial services. But a lawsuit is challenging the new rules of the road for open banking and has thrown ice on the prospect of a regulated market.