CFPB Rescinds State Official Notification

Published on: May 23, 2025

On May 21, CFPB rescinded of state official notification rules.

  • CFPB rescinded the regulations related to state notification codified at 12 CFR 1082.1
  • The direct final rulemaking removes and reserves 12 CFR 1082, state official notices.
  • Direct Final Rule
  • Rescinds the procedures by which a State official must issue a notification for when the official takes an action to enforce the Consumer Financial Protection Act.
  • Notification regulations deemed unnecessary as simply restating other requirements.
  • Effectiveness
  • Effective Jul. 21, 2025, unless significant adverse comment received by Jun. 20, 2025.
Regulators
CFPB
Entity Types
Bank; CNSM
Reference
90 FR 21691, RF, 5/21/2025, CFPB-2025-0016; RIN 3170-AB43; Citation: *12 CFR* 1082, 1082.1;
Functions
Compliance; Financial; Legal; Operations; Reporting
Countries
United States of America
Category
State
N/A
Products
Banking
Rule Type
Final
Regions
Am
Rule Date
May 21, 2025
Effective Date
Jul 21, 2025
Rule ID
255503
Linked to
N/A
Reg. Last Update
May 21, 2025
Report Section
US Consumer