Consumer Financial Protection Bureau v. Populus Financial Group Inc

  1. April 30, 2025

    CFPB Scraps More Cases, Curbs Small Biz Loan Rule Focus

    The Consumer Financial Protection Bureau on Wednesday abandoned more lawsuits, including its Fifth Circuit appeal over a Biden-era policy that expanded the agency's anti-discrimination scrutiny of financial firms, and said it will not focus on enforcing a contested small business lending rule.

  2. February 21, 2025

    Payday Lender Says CFPB Uncertainty Should Pause Suit

    ACE Cash Express has asked a Texas federal judge to pause a case launched by the Consumer Financial Protection Bureau accusing the payday lender of concealing free repayment plans from struggling borrowers, saying it is unclear how the agency will move forward with the action now that the Trump administration has effectively shut it down. 

  3. October 31, 2022

    CFPB, Payday Lender Get Stay In Wake Of 5th Circ. Decision

    The Consumer Financial Protection Bureau and a payday lender battling an enforcement action from the agency have called a truce in Texas federal court in light of the Fifth Circuit's recent decision holding that the agency is unconstitutionally funded.

  4. September 26, 2022

    Payday Lender Motion Argues CFPB Suit Is Unconstitutional

    Payday lender Populus Financial is asking a Texas federal court to toss a case filed by the Consumer Financial Protection Bureau that accuses the business of concealing free repayment plans from struggling borrowers and conducting unauthorized debit card withdrawals, arguing the suit is unconstitutional.

  5. July 12, 2022

    CFPB Says Payday Lender Hid Free Repayment Plans

    The Consumer Financial Protection Bureau on Tuesday filed suit in a Texas federal court against a private equity-owned payday lender for allegedly concealing free repayment plans from struggling borrowers and lying about the number of times it would try to debit borrowers' bank accounts for loan and fee repayment.