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We're all on the menu for corporations to feast upon as CFPB gutting rolls on. [View all]
US consumer watchdog to scrap scores of financial oversight policies issued since 2011
https://www.reuters.com/sustainability/boards-policy-regulation/us-consumer-watchdog-scrap-scores-financial-oversight-policies-issued-since-2011-2025-05-09/
The documents rescinded provided policy and guidance oversight on matters as varied as debt collections in nursing homes, supervision of companies offering financial services to military servicemembers, discrimination in lending based on gender and sexual orientation and the publication of consumer complaint data. Some were policies and guidance issued under the prior Trump administration.
In a notice posted Friday to the Federal Register's website, acting CFPB Director Russell Vought said the policy documents -- which offer interpretations of existing law and announce bureau priorities -- sometimes imposed illegal requirements on companies or simply increased the regulatory burden unnecessarily.
In a notice posted Friday to the Federal Register's website, acting CFPB Director Russell Vought said the policy documents -- which offer interpretations of existing law and announce bureau priorities -- sometimes imposed illegal requirements on companies or simply increased the regulatory burden unnecessarily.
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