CFPB Halts Enforcement of 67 Guidance Documents Pending Review

CFPB Halts Enforcement of 67 Guidance Documents Pending Review

The Consumer Financial Protection Bureau (CFPB) said Friday (May 9) that it is withdrawing 67 guidance documents issued by the agency since it opened its doors in 2011. CFPB Acting Director Russell T. Vought announced the withdrawal of the policy statements, interpretive rules, advisory opinions and other guidance in an unpublished document that was filed to the Federal Register on Friday at 8:45 a.m. and is scheduled to be published in an offic…

CFPB Vought to Withdraw Dozens of Guidance Docs - USA Herald

Acting Director of the Consumer Financial Protection Bureau (CFPB), Russell Vought, announced today the agency’s decision to withdraw dozens of interpretive rules, policy statements, and other guidance documents dating back to 2011. This action follows a comprehensive review commissioned by Vought last month to assess past CFPB guidance for potential overreach, undue burdens, or improper

News Release: Trump CFPB Plans Slash-and-Burn of Important Consumer Protections - Americans for Financial Reform

Earlier today, Russell Vought, Trump’s acting director, announced plans to begin the withdrawal of 67 measures undertaken by the Consumer Financial Protection Bureau from the past fifteen years, across areas including credit reports, consumer complaints, credit cards, and servicemember rights.  The post News Release: Trump CFPB Plans Slash-and-Burn of Important Consumer Protections appeared first on Americans for Financial Reform.