Original Source Material
The CFPB is announcing that it will not prioritize enforcement or supervision actions with regard to entities that are currently outside the stay imposed under Texas Bankers Association v. CFPB, No. 24-40705 (CA5).
CFPB Keeps Its Enforcement and Supervision Resources Focused on Pressing Threats to Consumers
Summary
• The CFPB will not prioritize enforcement or supervision actions for entities outside the stay imposed under Texas Bankers Association v. CFPB.
• This announcement does not change the focus on pressing threats to consumers.
Why It Matters for Texas Credit Unions
This is relevant to Texas credit unions as it pertains to legal actions under a specific case involving the CFPB and Texas entities.