US Supreme Court Declines Nationwide Biweekly Appeal in CFPB Case
The US Consumer Financial Protection Bureau sued Nationwide Biweekly Administration in 2015, alleging that it marketed a biweekly mortgage payment program by overstating interest savings and downplaying fees. The case concerns regulators' authority to police misleading financial marketing and serves as a reminder that firms must have adequate support for claims about product benefits.
The US Supreme Court declined to hear Nationwide Biweekly Administration's appeal on March 23, 2026, leaving the lower court's ruling in place. The US District Court for the Northern District of California entered a revised judgment on August 29, 2024, imposing a permanent injunction against the company and other defendants and ordering them to pay $7.93 million in civil penalties.
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