Craig Cowie asks: What’s going on with the CFPB Penalty Fund?

Guest post by Craig Cowie of Montana: There have been many great posts about the work the CFPB has done to help consumers, including noting that the CFPB has used its penalty fund to allocate more than $3 billion to pay 6.7 million consumers back for money that companies illegally took from them. But there […]

American Banker: ‘We need to know what’s going on:’ Judge orders new CFPB hearing

Here, by Kate Berry & Claire Williams. The article quotes Judge Amy Berman Jackson as saying: “I want to know whether work is being done.” Meanwhile, Bloomberg Law’s Evan Weinberger reports that during the hearing, in which Judge Jackson said “she doesn’t want to see agency edicts made with fingers behind people’s backs,” CFPB principal […]

Law360’s Jon Hill: CFPB Endgame Is Just ‘Five Men And A Phone,’ Filings Allege

Here (may be behind paywall). Deepak Gupta filed the brief the article discusses (disclosure: Deepak was a founder of this blog). Attached were many declarations, including the one the headline refers to, filed anonymously by a CFPB staffer who feared retaliation. Here’s an excerpt from the declaration:  On multiple occasions between Friday, February 7, 2025 and […]