Under Protest, Vought Requests $145M in Funding To Keep Lights On at CFPB
- After insisting for months that the Consumer Financial Protection Bureau should be allowed to run out of money, Acting Director Russell Vought has now formally asked the Federal Reserve for $145 million to keep the agency operating through the end of March, but explicitly stating that he disagrees with the court order that forced him to do so. The funding request, sent Friday, comes just days after a federal judge rejected the administration’s legal theory that the CFPB could be defunded because the Federal Reserve lacked “combined earnings.” While the request keeps the Bureau alive for now, it underscores how precarious the agency’s future remains as litigation continues and leadership openly signals its desire to shut the CFPB down.
- More details here
Ninth Circuit Clarifies Standing Burden in FCRA Class Actions
- The Court of Appeals for the Ninth Circuit has partially remanded a Fair Credit Reporting Act case back to the District Court, ruling that class members can use direct or circumstantial evidence to demonstrate standing and did not show that a jury would find in their favor at the summary judgment stage of the proceedings. In doing so, the Ninth Circuit clarified how standing must be evaluated in certified class actions seeking money damages under the FCRA and corrected what it viewed as an overly demanding application of the summary judgment standard by the lower court.
- More details here
Judge Rejects Broad Dismissal in FDCPA Suit Tied to Prior State Court Judgment
- A District Court judge in Minnesota has largely denied a motion to dismiss filed by defendants in a Fair Debt Collection Practices Act case involving a pro se plaintiff who invoked a number of soveriegn citizen claims, allowing most of the lawsuit to move forward while rejecting an attempt to use jurisdictional and procedural doctrines to end the case at the pleading stage.
- More details here
FCC to Congress: Robocalls Remain a Top Enforcement Priority as AI, Spoofing, and Caller ID Abuse Evolve
- The Federal Communications Commission says illegal robocalls and caller ID spoofing remain a persistent threat to consumers and legitimate businesses, even as complaint volumes fluctuate and enforcement tools expand. In a report submitted to Congress in late December, the FCC detailed five years of consumer complaint data, outlined its 2024 enforcement actions, and highlighted new regulatory initiatives aimed at AI-generated calls, caller ID authentication, and VoIP provider accountability, signaling continued scrutiny for any organization that originates, routes, or relies on voice communications.
- More details here
Compliance Digest – January 12
- The first Compliance Digest of 2026 is one of the biggest ever — with insights and perspectives from a dozen experts: David Shaver, Caren Enloe, Crystal Duplay, Justin Penn, Brent Yarborough, Erica Kramer, Khari Griffin, Dale Golden, John Marees, Jessica Klander, Nabil Foster, and Stacy Rodriguez, weighing in on court cases and regulatory news that you need to know.
- More details here
- This series is sponsored by Frost Echols
WORTH NOTING: After two years away, Walmart is getting back into the healthcare space … Last year marked the worst year of hiring since the COVID-19 pandemic back in 2020 … President Trump wants to cap credit card interest rates at 10% … Tensions between healthcare providers and insurance companies are likely to get worse in 2026 … Beware of social media influencers who are pushing an illegal tactic to try and “fix” consumers’ credit reports … What is it about New England that makes it home to the healthiest states in America? … Care to guess how much sleep doomscrolling is costing you every night? … Consumer credit scores are “plummeting” in several states across the country.
Music Monday, part I
Music Monday, part II
The Daily Digest is sponsored by TCN. Today, contact centers need to do more with less. TCN’s cloud-based predictive dialing tools and services help clients to leverage the most sophisticated inbound, outbound, and blended calling technologies available. TCN’s award-winning platform offers multiple features to assist in compliance while improving performance with no hardware, no monthly minimums, or maintenance fees. Call 866-745-1900 or visit tcn.com today.
