CFPB rescinds nonbank registry rule effective Oct. 29, 2025
The CFPB rescinded its Nonbank Registry Rule effective Oct. 29, 2025, ending a Biden-era requirement for some nonbank firms to register covered orders and report compliance.
Regulatory
Newsom appoints Rohit Chopra to lead California business and consumer agency
California Gov. Gavin Newsom has named Rohit Chopra, the former federal consumer financial protection chief, to serve as the first secretary of the state’s new Business and Consumer Services Agency.
HUD signals narrower Fair Housing Act enforcement and closer review of race-based credit programs
HUD says it will prioritize Fair Housing Act cases with strong evidence of disparate treatment and is reviewing race-based special purpose credit programs, including Washington’s Covenant Homeownership Program.
Consumer Reports says CFPB is still weakened a year after stop-work order
Consumer Reports says the CFPB remains weakened a year after staff were ordered to stop work, citing reduced enforcement, staffing cuts, and withdrawn guidance.
Podcast says CFPB may restart exams and revive dormant investigations
The episode says reports point to restarted exams, possibly remote and focused on large banks, along with revived investigations.
VBikes says it can adapt as Dallas and Denton weigh dockless bike rules
Garland-based VBikes says possible new bike-share rules in North Texas are not a major concern as Dallas and Denton consider how to regulate dockless rental bikes.
California AG settles DoorDash privacy case for $375,000
The California attorney general announced a settlement with DoorDash over alleged California privacy law violations tied to a marketing cooperative.