CFPB’s Rescinded Guidance: Lending Implications

In a sweeping regulatory development, the Consumer Financial Protection Bureau (CFPB) recently rescinded 67 guidance documents – a move that has created significant uncertainty for financial institutions. These documents, many of which had long served as interpretive tools for compliance with federal lending laws, covered critical areas such as the Truth in Lending Act (TILA), the Real Estate Settlement Procedures Act (RESPA), the Fair Credit Reporting Act (FCRA), the Equal Credit Opportunity Act (ECOA), and the Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) provisions.

The impact on financial institutions is far-reaching. Many of these guidances had been woven into lending compliance programs and operational practices. Their sudden removal raises questions about how regulators will interpret key provisions going forward and how institutions should evaluate legacy practices. This webinar will provide an in-depth analysis of the withdrawn documents, the risks posed by their removal, and the practical strategies for updating compliance frameworks. Attendees will gain clarity on what has changed, what remains unsettled, and how to prepare for supervisory examinations and enforcement actions in the wake of these rescissions.

NOTE: All materials are subject to copyright. Transmission, retransmission, or republishing of any webinar to other institutions or those not employed by your institution is prohibited. Print materials may be copied for eligible participants only.