CFPB has reportedly closed out nearly all outstanding “matters requiring attention” flagged in examinations, in a sign that it is set to reduce the number of examiners (Aug. 22, 2025).
CFPB announced a new rulemaking to amend its Section 1033 "open banking" rule (July 29, 2025).
CFPB promulgated a new interpretative rule concerning states’ ability to enforce consumer financial protection laws, interpreting the Consumer Financial Protection Act to limit the causes of action a state may bring under federal consumer financial protection law (May 15, 2025).
Consistent with previous Trump Administration Executive Orders and the Administration's regulatory reform guidance, the CFPB withdrew from 8 policy statements, 7 interpretive rules, 13 advisory opinions, and 39 other forms of guidance (May 12, 2025).
CFPB announced that it would de-prioritize enforcement of “buy now-pay later” products (May 6, 2025).
CFPB sent "reduction in force” notices to approximately 90% of employees. The move had been enjoined by district court order, but the U.S. Court of Appeals for District of Columbia overturned the injunction, allowing the layoffs to resume (April 17–18 and Aug. 15, 2025).
Consistent with EO 14281, CFPB has moved to vacate or terminated agreements in several already-settled cases arising from disparate impact discrimination claims (March 2025 through June 2025).
CFPB dropped a majority of its public lawsuits, many of which were filed in the final months of the prior administration (Feb. 2025 through May 2025).
Immediately upon being named Acting Director, Russell Vought paused Supervision functions and instructed CFPB staff to stop work (Feb. 8, 2025 through Feb. 10, 2025).
New Administration Outlook: Helping you navigate post-election uncertainty in 2025 and beyond—insight and analysis from Davis Wright Tremaine attorneys.
Built with Shorthand