CFPB Small Loan Provider Supervision

Published on: Apr 1, 2025

On Mar. 28, CFPB reporteded changes with small loan enforcements.

  • CFPB announced it will no longer prioritize enforcement or supervision actions associated with Payday, vehicle title, certain high-cost installment loans regulation.
  • Small Loan Updates
  • Will not prioritize enforcement or supervision actions regarding penalties, fines associated with payment withdrawal, payment disclosure provisions once operative.
  • Bureau will instead keep its enforcement and supervision resources focused on the pressing threats to the consumers, particularly the servicemen and the veterans.
  • Focus resources on supporting taxpayers, servicemen, veterans, and small businesses.
  • Further contemplating issuing notice of proposed rulemaking to narrow scope of rule.
Regulators
CFPB
Entity Types
Bank; CNSM; MSB; Thrift
Reference
PR, 3/28/2025
Functions
Compliance; Financial; Legal; Operations; Reporting
Countries
United States of America
Category
National Regulator
State
N/A
Products
Auto/Motorcycle; Banking; Loan; Servicemembers
Rule Type
Guidance
Regions
Am
Rule Date
Mar 28, 2025
Effective Date
Mar 28, 2025
Rule ID
248826
Linked to
N/A
Reg. Last Update
Mar 28, 2025
Report Section
US Consumer