The CFPB has rescinded 67 guidance documents issued since 2011, including several that affect the mortgage industry.

The Consumer Financial Protection Bureau issued a policy directive rescinding scores of standing guidance documents, ...

Yesterday, the Consumer Financial Protection Bureau (CFPB or Bureau) filed its decision to withdraw the proposed rule titled “Protecting ...

The NBR rule is “not necessary as a tool to effectively monitor and reduce potential risks to consumers from bad actors,” ...

On May 12, 2025, the Consumer Financial Protection Bureau (CFPB) announced a sweeping withdrawal of 67 guidance documents issued since the ...

Historically, the Bureau has released guidance without adequate regard for whether it would increase or decrease compliance burdens and costs. Our policy has changed,” CFPB Acting Director Russ Vought ...

Vought laid out several parameters into which CFPB guidance should fit, including that guidance should state in a disclaimer that it is not legally binding. Guidance, he said, should refer to ...

“Between last week’s CFPB announcement that it is climbing back a multitude of previously issued guidance, and this weekend‘s announcement that Jonathan McKernan, already nominated to become ...

On Friday, Vought sent an internal memo to the CFPB staff directing employees to cease issuing guidance documents that he claims have created rights and obligations that are unlawful and deprive the ...

Any additional guidance the CFPB puts forward will have to clearly explain that it is nonbinding, Vought added in a subsequent memo. It must refrain from using declarative language unless it is ...