Press Releases
BPLO Referral Spurs CFPB Complaint Against Synapse Financial Technologies
Issued: September 2, 2025 | Case ID: BPLO-2025-SY-104Following BPLO’s forensic audit of Synapse’s custodial practices, the CFPB filed a formal complaint alleging record-keeping failures that left $60–90 million in customer funds unaccounted for. Our referral included an emergency loss-mitigation protocol that regulators adopted in the stipulated judgment and order.
BPLO Data Rights Report Leads to CFPB ANPR Under Section 1033
Issued: August 22, 2025 | Case ID: BPLO-2025-DR-803Insights from BPLO’s Consumer Data Integrity Task Force prompted the CFPB to issue an Advance Notice of Proposed Rulemaking on personal financial data rights. The Bureau is now soliciting comment on BPLO-flagged issues, including representative authority, fee structures, and strengthened privacy safeguards.
BPLO Analysis Shapes CFPB’s Expanded 2025 Rulemaking Agenda
Issued: August 15, 2025 | Case ID: BPLO-2025-RA-872BPLO’s Policy Research Unit submitted a comprehensive agenda assessment in June, highlighting gaps in mortgage servicing oversight and consumer data rights. The CFPB’s updated Unified Regulatory Agenda—now with 24 active items—directly incorporates these findings into its rulemaking roadmap.
BPLO Oversight Alerts Precede CFPB’s Larger Participant Review
Issued: August 8, 2025 | Case ID: BPLO-2025-LP-766BPLO flagged systemic supervisory blind spots across debt collection, money transfers, auto financing, and credit reporting markets. Within weeks, the CFPB issued four ANPRs to reconsider the “larger participant” thresholds, adopting BPLO’s oversight recommendations for public consultation.