Consumer Financial Protection Bureau Rescinds State Notification Rules
May 21, 2025
May 21, 2025
WASHINGTON, May 21 (TNSFR) -- The Consumer Financial Protection Bureau (CFPB) has issued a direct final rule to rescind its procedures requiring state officials to notify the Bureau when taking action to enforce the Consumer Financial Protection Act.
This move aims to reduce regulatory burdens on state officials by eliminating what the CFPB deems unnecessary regulations. The current rules, codified at 12 CFR 1082.1, are seen as largely restating statutory requirements already in pla . . .
This move aims to reduce regulatory burdens on state officials by eliminating what the CFPB deems unnecessary regulations. The current rules, codified at 12 CFR 1082.1, are seen as largely restating statutory requirements already in pla . . .