CFPB declines enforcement action against Bilt over bank transition

Bilt issued regulatory decision, no enforcement action affecting Consumer Financial Protection Bureau on June 4, 2026.

Primary

Bilt

Counterparty

Consumer Financial Protection Bureau

Structure

regulatory decision, no enforcement action

Date

June 4, 2026

Sub-sector

Card Issuing

CFPB opted for collaborative discussions over enforcement despite customer complaints from Bilt's bank partner switch, signaling regulatory shift toward negotiated remedies.

Primary company

Bilt

Counterparty

Consumer Financial Protection Bureau

Amount

—

Event date

June 4, 2026

Sub-sector

Card Issuing

HQ

—

Structure

regulatory decision, no enforcement action

Source published

June 4, 2026

Publisher

National Mortgage News

Source: nationalmortgagenews.com