18 Jun 2025
📜CFPB Rescinds Rulemaking Procedure
Procedure Relating to Rulemaking; Rescission
Summary
The Consumer Financial Protection Bureau (Bureau or CFPB) is adopting a procedural rule (Final Rule) that rescinds its rule specifying how the Bureau issues rules and when rules are considered issued.
Agencies
- Consumer Financial Protection Bureau
Business Impact
$$ - Med
The CFPB's rescission of the 2012 rule alters how rules are issued, shifting reliance from the Bureau's website to the Federal Register for validity, affecting compliance timelines for businesses. The change influences regulatory certainty and may impact how businesses consult for due diligence on new rules.