Consumer Financial Protection Bureau Rescinds Rule Requiring Nonbanks to Report Orders
October 29, 2025
October 29, 2025
WASHINGTON, Oct. 29 (TNSFR) -- The Consumer Financial Protection Bureau issued a final rule to cancel an earlier mandate requiring nonbank covered persons to report final public government orders to a bureau registry.
The Bureau finalized the repeal of the Nonbank Covered Persons Subject to Certain Agency and Court Orders (NBR) Rule due to concerns that its costs on regulated entities--which could potentially be shifted to consumers--do not justify the unquantified benefits to consu . . .
The Bureau finalized the repeal of the Nonbank Covered Persons Subject to Certain Agency and Court Orders (NBR) Rule due to concerns that its costs on regulated entities--which could potentially be shifted to consumers--do not justify the unquantified benefits to consu . . .