pc
nid 91683
Mar 31, 2026
ataylor@vixio.com
US Track 1
Consumer Financial Protection Bureau
financial services
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1853 charsUnited States Consumer Financial Protection Bureau Releases Semi-Annual Report Highlighting Policy Shifts
On March 31, 2026, the Consumer Financial Protection Bureau (CFPB) released its Semi-Annual Report to Congress covering the period from October 1, 2024 through December 31, 2025. The report outlines significant operational and policy changes implemented under the CFPB's acting leadership following the departure of former Director Rohit Chopra.
The CFPB reports substantial reductions in supervisory and enforcement activities. The bureau closed 76 percent of its supervisory actions, comprising nearly 1,500 cases, and completed a substantial majority of outstanding open examinations. In enforcement, the CFPB closed numerous investigations, terminated or modified over 20 final orders, and dismissed or withdrew from nearly 20 actions filed under prior leadership. The bureau states these actions represent a refocus on matters aligned with its current priorities.
The CFPB has implemented comprehensive changes to its diversity, equity, and inclusion (DEI) programmes, including terminating DEI-related performance requirements, trainings, and employee resource groups; removing DEI-related contract terms; and modifying contractor requirements to certify compliance with federal anti-discrimination laws. In fair lending supervision and enforcement, the CFPB reports it no longer uses disparate impact analysis and has discontinued consultations regarding special purpose credit programmes based on race, national origin, or sex.
The bureau executed a deregulatory agenda, withdrawing over a dozen final and proposed rules and nearly 70 guidance documents. The CFPB initiated rulemakings to reconsider the Personal Financial Data Rights rule and the Small Business Lending Rule, and commenced a Regulation B rulemaking to clarify obligations under the Equal Credit Opportunity Act.
The full Semi-Annual Report is available on the CFPB website.
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2451 charsUS Consumer Financial Protection Bureau Publishes Semi-Annual Report Outlining Deregulatory Agenda
The Consumer Financial Protection Bureau (CFPB) has released its Semi-Annual Report covering the period from October 2024 to December 2025. The report signals a shift toward reducing regulatory burdens, increasing operational efficiency, and aligning CPFB activities with the current administration’s priorities, including a refocusing of supervisory and enforcement resources and significant rollback of various initiatives.
The report highlights a deregulatory agenda aimed at reversing what the current leadership describes as "regulatory overreach". The CFPB highlights its withdrawal of over a dozen rules and nearly 70 guidance documents, the reconsideration of major rules like the Small Business Lending Rule (Section 1071) and the Personal Financial Data Rights Rule (Section 1033), and a major percent reduction in supervisory oversight.
Key findings and business impacts include:
Supervision Scaled Back: The CFPB is reducing exams by at least 50 percent, focusing primarily on depository institutions and "actual consumer fraud" rather than what the report describes as “novel legal theories”. The CFPB also nullified the Digital Payments Applications rule which would have brough larger participants in the digital wallet and payment space under CFPB supervision.
Fair Lending Shift: The CFPB has ceased using disparate impact in its supervision and enforcement, prioritizing "intentional discrimination" and combating "debanking".
Proposed Revisions to Section 1071: Proposed changes to the Small Business Lending Rule would narrow the definition of "small business" to those with gross annual revenue of $1m or less (down from $5m) and remove various data points.
Updates to Section 1033: The CFPB is reconsidering the Personal Financial Data Rights rule, specifically looking at fee assessments for data access and security/privacy costs.
Enforcement Dismissals: The CFPB dismissed or withdrew as plaintiff from 19 public enforcement actions and modified or terminated 22 final orders that did not align with new priorities.
According to the report, businesses should prepare for a more targeted regulatory environment. While many expansive requirements are being rescinded, the CFPB is intensifying its focus on protecting servicemembers, veterans, and older Americans from fraud. Additionally, the bureau is working with a Debanking Task Force to ensure financial access is not denied based on political or religious beliefs.