21 May 2025
📑Rescission of State Notification Rules and Business Implications
Rescission of State Official Notification Rules
Summary
This direct final rule rescinds the Consumer Financial Protection Bureau's (Bureau's) procedures by which a State official must notify the Bureau when the official takes an action to enforce the Consumer Financial Protection Act.
Agencies
- Consumer Financial Protection Bureau
Business Impact
$$ - Med
The rule rescinds state notification requirements for enforcing the Consumer Financial Protection Act, which reduces regulatory burdens for businesses. This may facilitate a more streamlined process for enforcement actions, ultimately impacting how businesses engage with state-level regulation.