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ARTICLE · 24 JANUARY 2025

CFPB Proposes Roadmap For States To Continue Regulatory Activity

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The Consumer Financial Protection Bureau (CFPB) released a comprehensive report today, outlining detailed recommendations to strengthen state-level consumer protection laws and address...

United StatesConsumer Protection
A.J. Dhaliwal
A.J. Dhaliwal
Mehul Madia
Mehul Madia
Beineng Zhang
Beineng Zhang
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The Consumer Financial Protection Bureau (CFPB) released a comprehensive report today, outlining detailed recommendations to strengthen state-level consumer protection laws and address modern risks in consumer financial markets. The CFPB also provided a compendium of guidance documents summarizing its enforcement strategies and regulatory insights, designed to serve as a resource for state lawmakers and regulators.

The report identifies areas of growing concerns such as increased market concentration, misuse of consumer data for targeted advertising, and the proliferation of junk fees, all of which necessitate stronger consumer protections to ensure fair competition and transparency.

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