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nid 92085
May 21, 2025
ataylor@vixio.com
US Track 1
Consumer Financial Protection Bureau
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1216 charsConsumer Financial Protection Bureau Rescinds State Official Notification Rules
On May 21, 2025, the Consumer Financial Protection Bureau (CFPB) issued a direct final rule rescinding its procedures requiring state officials to notify the CFPB when taking enforcement actions under the Consumer Financial Protection Act (CFPA).
The rescission eliminates the notification framework that previously obligated state officials to inform the CFPB of enforcement activities related to consumer financial protection laws. This change streamlines the coordination process between federal and state enforcement authorities by removing the mandatory notification requirement. The rule applies to all state officials responsible for enforcing consumer financial protection statutes and regulations within their respective jurisdictions.
The effective date of this rescission is July 21, 2025. The final rule was published in the Federal Register on May 21, 2025 (90 FR 21691) under Regulation Identifier Number (RIN) 3170-AB43 and is available under CFPB docket number CFPB-2025-0016.
**References:**
Consumer Financial Protection Bureau. Rescission of State Official Notification Rules. Available at: https://www.consumerfinance.gov/rules-policy/final-rules/rescission-state-official-notification-rules/
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856 charsUS Consumer Financial Protection Bureau Rescinds State Official Notification Rules
On May 21, 2025, the Consumer Financial Protection Bureau (CFPB) issued a direct final rule rescinding its procedures requiring state officials to notify the CFPB when taking enforcement actions under the Consumer Financial Protection Act (CFPA). The rescission eliminates the notification framework that previously obligated state officials to inform the CFPB of enforcement activities related to consumer financial protection laws.
According to the rule's Federal Register publication , this change streamlines the coordination process between federal and state enforcement authorities by removing the mandatory notification requirement. The rule applies to all state officials responsible for enforcing consumer financial protection statutes and regulations within their respective jurisdictions. The effective date of this rescission is July 21, 2025.