On May 12, 2025, the CFPB announced the withdrawal of 67 regulatory guidance documents, including interpretive rules, policy statements, and advisory opinions. See 90 FR 20084. The withdrawals were applicable as of May 12, 2025. In the announcement, the CFPB explained that the CFPB’s withdrawal of these documents was not necessarily final, but that while the CFPB continues to conduct a review of its existing guidance documents, the 67 withdrawn documents would not be enforced or relied upon. According to Acting CFPB Director Richard Vought, the CFPB’s withdrawal of these documents was the result of a scaling back in the CFPB’s enforcement efforts. The CFPB is taking the position that guidance should be withdrawn and reissued only if the guidance is necessary and reduces institutions’ compliance burdens.

 

Join us for the June 2025 BCG Monthly Telephone Briefing, during which we will provide an overview of each of the withdrawn documents and their withdrawal’s impact on financial institutions’ compliance considerations. Handout to be posted Thursday, June 19th.