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Key Public Policy Developments Around the World

Rescissions of Policy Statements Illustrate Continued About-Face at CFPB

By Lucille Bartholomew on May 26, 2021
Posted in Compliance Issues, Consumer, Regulatory
On March 31, 2021, the Consumer Financial Protection Bureau (“CFPB”) rescinded a range of policy statements issued under the leadership of former Director Kathleen L. Kraninger.  These rescissions concerned one policy statement governing communications between institutions subject to CFPB supervision and their examiners, and seven policy statements issued during the COVID-19 pandemic to provide regulatory relief to affected institutions.  Click here to read our recent article on the ABA Business Law Today website analyzing these rescissions and what they may signal regarding the future of the Bureau.

 

 

 

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