CFPB Plans To Close Repeat Offender Registry

In a notice published in the Federal Register on May 14, the CFPB announced its intent to close its repeat offender registry by rescinding its rule requiring nonbank financial entities to report public orders entered against them to the Bureau and to file annual compliance reports.¹ The notice follows the Bureau's brief press release last month announcing that it was considering eliminating the registry and would no longer prioritize enforcement or supervisory actions related to associated reporting deadlines.²

The repeat offender registry was established in 2024 and imposes two principal requirements. First, covered nonbank companies are required to register with the Bureau all agency and court orders and judgments related to violations of consumer protection laws.³ The regulation requires registration of both final and consent judgments and orders, meaning it publishes information on covered entities that have not necessarily been found to violate any consumer