On September 1, 2026, the ABA Banking Journal reported that Republicans on the House Financial Services Committee had introduced legislation that could significantly change the CFPB’s funding structure, supervisory authority, and enforcement powers. The Consumer Financial Protection Accountability and Reform Act (H.R. 10184) follows a discussion draft previously circulated by the committee.

On July 15, 2026, CFPB Acting Director Russell Vought testified before House lawmakers, recommending that Congress enact legislation to better define "unfair, deceptive, or abusive acts or practices" and fund the bureau through congressional appropriations to ensure greater responsiveness to elected officials. Additionally, he announced that the bureau is nearing the proposal of a new open banking rule.

On April 30, 2025, the ABA Banking Journal reported that the American Bankers Association, Texas Bankers Association, and other plaintiffs have reached an agreement with the CFPB to end a lawsuit over changes to the CFPB’s UDAAP exam manual. 

On December 9, 2024, the CFPB took action against student loan debt collector Performant Recovery Inc. for illegal fee-generating scheme that cost borrowers thousands of dollars Performant Recovery, Inc. collected on student loan debt, including from borrowers who had defaulted on Federal Family Education Loan Program (FFELP) loans. 

On December 5, 2024, the CFPB took action against student lender Climb Credit and its investors, including 1/0 (“One Zero”), filing a proposed order, which if entered will require the companies to stop making representations in their advertising about the quality of the training programs at their partner schools and graduates’ hiring rates and salaries. Climb Credit, Inc. is a Delaware corporation headquartered in Las Vegas, Nevada that markets private student loans. 

On December 3, 2024, the OCC issued version 1.1 of the “Unfair or Deceptive Acts or Practices and Unfair, Deceptive, or Abusive Acts or Practices” booklet of the Comptroller’s Handbook. The “UDAP/UDAAP” booklet applies to the OCC’s supervision of community banks.

On November 14, 2024, the CFPB took action against Global Tel Link (GTL) for illegally taking millions of dollars from over 500,000 accounts and blocking money transfers to incarcerated consumers, who depend on the funds for essentials like food, medicine, and clothing. The CFPB ordered GTL and its subsidiaries to stop their illegal practices, pay at least $2 million in redress to victims, and pay a $1 million penalty to the CFPB’s victims relief fund.

On September 13, 2024, the CFPB sued Horizon Card Services and its CEO Robert Kane for tricking consumers into signing up for its expensive membership credit card. The CFPB alleges Horizon and Kane attracted consumers to the membership program through deceptive marketing tactics.