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Agency·Rule·4 months ago

CFPB rolls back its own court-like procedure rules

Key Points

  • The Consumer Financial Protection Bureau (CFPB) undoes most 2022 and 2023 rule changes for how it handles its in-house enforcement cases.
  • Big change: CFPB staff will argue key case-ending motions to the hearing judge, not straight to the CFPB Director, to reduce the “one-person” power problem.
  • The rule also removes broader pre-hearing depositions and other steps CFPB says could add time and cost for companies pulled into these cases.
  • Some updates stay: clearer deadline counting (many 10-day windows became 14 days) and allowing electronic copies of case documents instead of in-person inspection.
  • For most people, this won’t change day-to-day banking right away, but it can affect how fast and how fairly CFPB cases move when the agency goes after financial firms.
Consumer ProtectionTradeSmall BusinessCriminal JusticeEconomy

Source Information

Document Type

Federal Rule

Official Title

Rules of Practice for Adjudication Proceedings

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