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ARTICLE · 31 JANUARY 2025

CFPB Guidance And State Consumer Protection: 2025 Considerations

Greenberg Traurig
Greenberg Traurig
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To get ahead of potential staffing and priority changes under the new administration, on Jan. 14, 2025, the Consumer Financial Protection Bureau (CFPB) issued guidance to state attorneys general and other regulatory bodies regarding consumer protection enforcement.

United StatesFinance and Banking

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  • States may increase consumer protection enforcement as the CFPB potentially shifts focus under the new administration in 2025.
  • Following CFPB recommendations, states might consider updating laws on fees, financial data privacy, and consumer lawsuits.
  • Companies will benefit from staying informed about both federal and state consumer protection laws and their potential changes.

To get ahead of potential staffing and priority changes under the new administration, on Jan. 14, 2025, the Consumer Financial Protection Bureau (CFPB) issued guidance to state attorneys general and other regulatory bodies regarding consumer protection enforcement.

In two reports issued on the same day, the CFPB provided guidance as to what federal consumer protection laws other agencies or private citizens could enforce, and urged states to strengthen their consumer protection laws. The CFPB's guidance follows an April 2024 FTC report, "Working Together to Protect

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