CFPB Rescinds 2022 Interpretation Expanding State Enforcement Powers Under Consumer Financial Law
May 15, 2025
May 15, 2025
WASHINGTON, May 15 (TNSFR) -- The Consumer Financial Protection Bureau has formally rescinded a May 2022 interpretive rule that expanded the scope of State enforcement authority under the Consumer Financial Protection Act of 2010 (CFPA). Effective May 15, 2025, the rule, which had permitted States to initiate broader actions against financial service providers, including parallel enforcement efforts alongside the CFPB, has been withdrawn following a revised reading of the statutory framework est . . .