The CFPB has rescinded 67 guidance documents issued since 2011, including several that affect the mortgage industry.

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

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

Yesterday, the Consumer Financial Protection Bureau (CFPB or Bureau) released a proposed rule to rescind its previous regulation requiring ...

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

Acting Consumer Financial Protection Bureau Director Russell Vought said in a memo that the bureau is conducting an internal review of past guidance documents and plans to rescind any that the Trump ...

“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 ...

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 ...

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 ...

TRUMP ADMIN MOVES TO CRACK DOWN ON USE OF REGULATORY ‘GUIDANCE’ AT CFPB The memo said the CFPB's supervision arm will reduce the number of supervisory "events" or exams by 50%, with a focus on ...

The Trump administration on Friday moved to review the use of regulatory guidance at the Consumer Financial Protection Bureau (CFPB) to root out what it views as an unlawful rulemaking process.

At this point, the CFPB guidance doesn’t require BNPL providers to assess borrowers' ability to repay, nor send data to credit bureaus, as is the case with credit cards and small-dollar loans.