CFPB Functions Paused: Fintechs Must Still Comply

Directives from the acting director of the Consumer Financial Protection Bureau (CFPB) bought the CFPB's supervisory, examination, investigations, communications, and enforcement functions to a halt on February 10, 2025. While this measure is promoted to reduce regulatory burdens, compliance with existing consumer protection rules is still required. CFPB issued a final rule in November 2024 which applies to big technology and companies offering digital payment applications. Access this Law360 article, How Fintechs Can Respond To New CFPB Supervisory Rule, which explores the ruling in more detail and includes measures that Fintech companies may employ to navigate this changing regulatory landscape

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