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ARTICLE · 27 FEBRUARY 2025

CFPB Helps Guide States To Fill Gaps In Protection Frameworks

Winston Taylor
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Last month, the Consumer Financial Protection Bureau issued a roadmap for states to bolster their consumer protection laws, likely in the anticipation of Trump administration efforts to hobble the CFPB.

United StatesConsumer Protection
Caitlin M.R. Mandel
Caitlin M.R. Mandel
Patrick Doerr
Patrick Doerr
Hollie M. Albin
Hollie M. Albin

Last month, the Consumer Financial Protection Bureau issued a roadmap for states to bolster their consumer protection laws, likely in the anticipation of Trump administration efforts to hobble the CFPB, which played out recently as the administration ordered layoffs, and the CFPB's budget drew scrutiny.

The report emphasizes the historical collaboration between the federal government and the states in protecting consumers and described emerging challenges to the current consumer protection system. It also warns of the consequences when federal and state regulators fail to be vigilant—for example, the savings and loan crisis of the 1980s and the 2007–2008 mortgage crisis—and recommends states implement significant changes to their Unfair or Deceptive Acts or Practices laws.

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