Skip to Primary Navigation

Skip to main content

CFPB backs down on state notification rule for CFPA action

CFPB headquarters
Photo: Philip Yabut/Getty Images

Vlada Gurvich

3 min read

Move follows significant public pushback and concerns over weakening regulatory coordination.

In a quiet retreat from regulatory reform, the Consumer Financial Protection Bureau (CFPB) has shelved its plan to rescind a decade-old requirement that state enforcers notify the federal agency before taking legal action under the Consumer Financial Protection Act (CFPA).

The reversal, announced on July 21, came in response to

, , , , ,

Get full access, free for a month

Start your 28-day free trial to continue reading and accessall content on GRIP – no payment details required.

Start free trial
Sign in

What’s included:

  • Every new article, plus our 5,000+ archive
  • Daily regulatory insight and guidance
  • Exclusive interviews and in-depth analysis
  • Coverage of industry-leading events and conferences
  • All podcasts and videos, featuring industry experts
  • The full set of Rules Navigator tools
  • An ad-free experience