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ARTICLE · 02 JULY 2025

CFPB Provides Guidance On Referrals For Potential Criminal Enforcement

Holland & Knight
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The CFPB has issued a policy statement describing its plan to address criminally liable regulatory offenses. President Donald Trump previously issued an executive order on May 9, 2025...

United StatesFinance and Banking
Eamonn Moran
Eamonn Moran
Ashley Feighery
Ashley Feighery
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The CFPB has issued a policy statement describing its plan to address criminally liable regulatory offenses. President Donald Trump previously issued an executive order on May 9, 2025, requiring each federal agency to publish guidance "describing its plan to address criminally liable regulatory offenses." The policy statement, published in the Federal Register on June 27, 2025, constitutes the CFPB's plan to address violations of federal regulations punishable by a criminal penalty.

The CFPB administers and civilly enforces a variety of federal consumer financial laws, including the Consumer Financial Protection Act (CFPA), Truth in Lending Act (TILA), Real Estate Settlement Procedures Act (RESPA) and Electronic Fund Transfer Act (EFTA). Regulations have been issued under each of these laws, some of which may be enforceable by a criminal penalty. Beyond stated criminal penalties within the regulations, the CFPB also has the discretion to refer alleged violations of

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