21 Jul 2025
⚖️Rescission of State Official Notification Rules and Business Implications
Rescission of State Official Notification Rules; Withdrawal
Summary
The Consumer Financial Protection Bureau (Bureau) is withdrawing a previously published direct final rule that would have rescinded procedures by which a State official must notify the Bureau when the official takes an action to enforce the Consumer Financial Protection Act.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 regulation affects compliance and regulatory requirements by withdrawing a rule related to state officials notifying CFPB on consumer protection enforcement actions. This means businesses may face changes in how enforcement actions are communicated, impacting compliance processes.