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CFPB Memo Details Less Oversight on Fintechs, Shift to State-Led Enforcement

By Timothy A. Butler, Lisa M. Lanham ‡, Shane Foster, Matthew White & Tessa Cierny ˘ on April 18, 2025
Banking&FinancialServices_Proposal

On April 16, 2025, the CFPB’s Chief Legal Officer, Mark R. Paoletta, issued a memorandum to CFPB staff that sets out the agency’s 2025 supervision and enforcement priorities.

The memorandum, which the CFPB has not publicly released, provides that the CFPB “will focus its enforcement and supervision resources on pressing threats to consumers” and that, in order to focus on “tangible harms to consumers,” the CFPB will “shift resources away from enforcement and supervision that can be done by the States.”

Click here to read the full GT Alert.

  • Posted in:
    Corporate & Commercial, Financial, International
  • Blog:
    Financial Services Observer
  • Organization:
    Greenberg Traurig, LLP
  • Article: View Original Source

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