12 May 2025
📜CFPB Guidance Withdrawal
Interpretive Rules, Policy Statements, and Advisory Opinions; Withdrawal
Summary
The Consumer Financial Protection Bureau (CFPB or Bureau) is withdrawing many guidance documents issued since the CFPB assumed its functions in 2011.
Agencies
- Consumer Financial Protection Bureau
Business Impact
$$$ - High
The document discusses the withdrawal of guidance and interpretive rules by the CFPB, impacting compliance obligations for businesses. These changes may reduce regulatory burdens, as guidance that is inconsistent with statutory law and potentially imposes unnecessary compliance costs is being removed. This will affect financial and consumer sectors directly.