CFPB to Conduct Comprehensive Review of Previously Issued Guidance Documents
By EsqSocial Corporation 15/04/25
The CFPB will begin the process of discontinuing regulatory "guidance" and instead enforce the Administrative Procedure Act's rulemaking process. In a pair of internal memos circulated to all divisions and offices within the agency, and as reported by media outlets, on April 11, 2025, Acting CFPB Director Russell Vought announced the agency's plan to conduct a "comprehensive internal review of guidance documents" to ensure they do not supplant the proper rulemaking process....
By: Holland & Knight LLP