Earlier this year, the CFPB announced shifts to the priorities that would guide the agency’s supervision and enforcement activities, including:
- a “shift back to depository institutions, as opposed to” nonbanks and fintechs,
- prioritizing “actual fraud against consumers” with “measurable consumer damages,” and
- focusing on mortgages, data furnishing, and debt collection over pursuing novel theories.
That announcement predicted the CFPB would cut in half the number of exams it would conduct, and reports seem to indicate that supervisory activity has been limited since February 2025. Meanwhile, the CFPB also initiated wide-ranging rulemakings to reevaluate its larger participant rules, as discussed further below.