ARTICLE · 02 MARCH 2025

CFPB Grinds To A Halt: Impacts On Industry

Holland & Knight

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In recent weeks, the Consumer Financial Protection Bureau (CFPB) has undergone substantial changes in leadership and operational directives. These may significantly impact the financial services sector...

United StatesFinance and Banking

Ceijenia J. Cornelius

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Highlights

In recent weeks, the Consumer Financial Protection Bureau (CFPB) has undergone substantial changes in leadership and operational directives.
These may significantly impact the financial services sector and those companies subject to the CFPB's regulatory, supervisory and enforcement jurisdiction.
This Holland & Knight alert provides a summary of the key developments and their potential implications.

U.S. Department of the Treasury Secretary Scott Bessent was appointed as acting director of the Consumer Financial Protection Bureau (CFPB or the Bureau) on Feb. 3, 2025. In his capacity as acting director, Bessent reportedly issued the following orders to CFPB staff:

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