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The Executive Order issued on January 20, 2026, titled “Stopping Wall Street From Competing with Main Street Homebuyers,” directs a coordinated federal response to limit the use of federally backed programs in facilitating the acquisition of single‑family homes by large institutional investors. Within 30 days of the Order, the Secretary of the Treasury—working in consultation with the Assistant to the President for Economic Policy—is required to develop formal definitions of both “large institutional investor” and “single‑family home” for purposes of implementation across federal agencies.

Continue Reading Executive Order Targeting Single Family Home Ownership

On January 14, the DFPI announced a consent order requiring a crypto lending platform to pay $500,000 in penalties for alleged violations of the California Financing Law and the California Consumer Financial Protection Law. According to the regulator, the company offered crypto-backed consumer and commercial loans to California residents without obtaining a required finance lender license and without adequately considering borrowers’ ability to repay.

Continue Reading DFPI Orders Crypto Lending Platform to Pay $500,000 for Alleged Unlicensed Lending and Underwriting Failures

In a significant decision for bank partnership arrangements, the United States Court of Appeals held that Colorado may apply its state interest rate caps to loans made by out-of-state banks under the Depository Institutions Deregulation and Monetary Control Act (DIDMCA). The ruling reversed an earlier district court decision holding Colorado could not do so.

Continue Reading Tenth Circuit Allows Colorado to Enforce its Interest Rate Caps on Out-of-State Banks

On July 23, a coalition of consumer advocacy organizations filed a lawsuit against the CFPB and Acting Director Russel Vought in the U.S. District Court for the District of Columbia, alleging the agency unlawfully delayed implementation of its small-business lending data collection rule. The complaint asserts violations of the Equal Credit Opportunity Act and the Administrative Procedure Act in connection with the Bureau’s recent policy changes surrounding its Section 1071 rule.

Continue Reading Consumer Groups Sue CFPB Over Delay in Section 1071

On February 23, the CFPB filed a joint stipulation in the United District Court for the Central District of California to dismiss its lawsuit against an online lending platform. The lawsuit, originally filed in May 2024, alleged that the platform misled borrowers about the total cost of its loans in violation of the Fair Credit Reporting Act (FCRA) and the Consumer Financial Protection Act (CFPA).

Continue Reading CFPB Drops Lawsuit Against Online Lender Following Litigation Freeze

On February 14, a divided Second Circuit panel upheld a 2016 jury verdict which found that a mortgage lender violated, among other laws, the Equal Credit Opportunity Act (“ECOA”) by engaging in “reverse redlining” when it allegedly targeted Black and Latino homeowners with predatory loans.

Continue Reading Second Circuit Upholds Reverse Redlining Verdict Against Mortgage Lender

On January 22, New York Attorney General Letitia James announced a $1 billion settlement with a now defunct cash advance firm and its officers. The settlement resolves allegations that the firm and its officers repeatedly engaged in fraudulent and deceptive predatory lending practices aimed at small business owners in violation of New York law. 

Continue Reading New York AG Reaches $1 Billion Settlement with ‘Predatory’ Lender

On August 26, the United States District Court for the Southern District of Texas issued a decision upholding the legality of the CFPB Small Business Lending Rule (the “Rule”) (designed to implement section 1071 of the Dodd-Frank Act) in a lawsuit filed by plaintiff trade associations challenging the CFPB’s authority in promulgating the Rule (previously discussed here and here).

Continue Reading Federal Court Upholds CFPB’s Small Business Lending Rule

On August 12, the National Consumer Law Center (NCLC), a prominent consumer advocacy group, petitioned the CFPB to open rulemaking under the Equal Credit Opportunity Act (ECOA) to expand the definition of “credit” to include housing and apartment rental leases, and “creditors” to include landlords. While acknowledging that landlords are already banned from discriminating against prospective tenants under the federal Fair Housing Act, the petition aims to secure two additional protections. 

Continue Reading Advocacy Group Petitions CFPB to Categorize Housing Rental Leases as “Credit”