CFPBFinal RuleJune 18, 2025

Procedure Relating to Rulemaking; Rescission

Finance & BankingOther

Summary

The Consumer Financial Protection Bureau (CFPB) is canceling or changing some of its previous rule-making procedures. This regulation affects how the CFPB creates and enforces rules that protect consumers in banking, lending, and other financial services.

Key Points

1The CFPB is rescinding (canceling) certain procedural rules that governed how it previously made new regulations
2This change affects the internal processes the agency uses to develop financial protection rules, not the existing consumer protections themselves
3Banks, lenders, and other financial companies may experience different requirements for how they interact with CFPB rule-making in the future
4Consumers could eventually see changes in how financial regulations are created and enforced, depending on what new rules the CFPB adopts
5The change was published in June 2025 and represents a shift in the agency's administrative approach to developing consumer financial protection rules

Impact Assessment

If you are a financial institution, this means the procedures the CFPB uses to create and enforce consumer protection rules are changing, which may affect how you comply with current and future regulations.

Impact Level

Significant

Geographic Scope

National

Compliance Cost

Moderate

Who is Affected

Financial InstitutionsConsumersSmall Businesses

Key Dates

Published

June 18, 2025

Regulatory Connections

Authorized By

Dodd-Frank Wall Street Reform and Consumer Protection Act Section 553

Amends CFR Sections

12 CFR Part 1076

Other Documents in This Rulemaking (CFPB-2025-0001)

CFPBFinance & Banking

Home Mortgage Disclosure (Regulation C) Adjustment to Asset-Size Exemption Threshold

CFPBFinance & Banking

Truth in Lending Act (Regulation Z) Adjustment to Asset-Size Exemption Threshold

CFPBHousing

Appraisals for Higher-Priced Mortgage Loans Exemption Threshold

CFPBFinance & Banking

Fair Credit Reporting Act Disclosures

View all 11 documents →

Read on Federal Register View Docket

This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.