The CFPB supervision division issued a “humility pledge,” announcing that it will focus examination resources on urgent risks facing consumers and within the scope of its statutory authority. In 2026, examinations will be announced to supervised entities in advance, reduce duplicative supervision, raise questions and require remediation around clearly defined scopes and unlawful patterns involving substantial consumer harm, and shorten examination timelines.
推荐理由：The CFPB is limiting supervisory examinations to the scope of its statutory authority, priority markets, and identifiable consumer harm, while adjusting notification, data requests, and examination timelines.
CFPB reached a settlement with FirstCash and its 19 subsidiaries, resolving litigation alleging violations of the Military Lending Act. CFPB said the relevant pawn loans offered to protected borrowers had annual percentage rates exceeding 36%, while the loan agreements also required arbitration and lacked required disclosures. The order requires the defendants to set aside $5 million in compensation for thousands of loans involving affected servicemembers and their families, pay a $4 million penalty to the CFPB victims relief fund, and comply with the Military Lending Act.
推荐理由：The settlement involves the 36% annual percentage rate cap, mandatory arbitration and loan disclosure obligations, and specifies relief arrangements for affected servicemembers and their families.
CFPB amended the remittance business consent order with Wise, requiring it to continue compensating affected consumers and reducing the penalty from the originally set $2.025 million to approximately $45,000. The case previously involved Wise misrepresenting ATM fees, insufficiently disclosing exchange rates and other costs, and failing to refund fees for remittances delayed in delivery within the legally mandated time limit; the original order also required it to pay approximately $450,000 to consumers, involving at least 16,000 consumers who were overcharged.
推荐理由：The amended order both preserves consumer relief and adjusts the penalty amount, illustrating CFPB’s specific requirements regarding remittance fee disclosures, refund deadlines, and enforcement actions.
CFPB announced that it will no longer prioritize enforcement actions based on the Truth in Lending (Regulation Z); Use of Digital User Accounts to Access Buy Now, Pay Later Loans document. CFPB said it will focus its enforcement and supervisory resources on urgent threats to consumers, especially servicemembers and veterans, and is considering taking appropriate action to rescind the Buy Now, Pay Later document.
推荐理由：The announcement outlines both the shift in enforcement resources and the consideration of rescinding the relevant document, helping distinguish between the announced enforcement priorities and the policy action still under consideration.
CFPB stated that, with respect to regulatory requirements for payday loans, vehicle title loans, and certain high-cost installment loans, it will not prioritize enforcement or supervision related to fines or penalties after the Payment Withdrawal and Payment Disclosure provisions take effect on March 30, 2025. CFPB will focus its resources on issues that pose an imminent threat to consumers and is considering issuing a proposed rule to narrow the scope of the requirements.
推荐理由：The announcement distinguishes between the effective date of the rule provisions and the prioritization of enforcement resources, clearly setting out the regulatory arrangements facing small-dollar lenders and the direction of subsequent efforts to narrow the rule’s scope.