On April 16, 2025, the Consumer Financial Protection Bureau (CFPB) issued an internal memo to staff announcing new priorities for the agency in 2025. The priorities are a dramatic shift for the CFPB from the previous administration. Among the priorities are the following:

• Decrease the number of exams by 50%.
• Focus more on depository institutions rather than non-depository institutions.
• Prioritize compliance testing in the following areas:
  • Mortgages (getting the highest priority)
  • Fair Credit Reporting Act data furnishing violations
  • Fair Debt Collection Practices Act
  • Fraudulent overcharges and fees
  • Inadequate controls to protect consumer information resulting in actual loss to consumers
• Focus on providing redress to service members and veterans.
• Deprioritize participation in multi-state exams, unless required by statute.
• Deprioritize supervision where states exercise sufficient regulatory and supervisory authority, unless required by statute.
• Minimize duplicative enforcement with state regulators or law enforcement.
• Coordinate exam timing with other federal regulators.
• Do not pursue supervision under novel legal theories.
• Do not engage in unconstitutional racial classification or discrimination in its enforcement of fair lending law.
• Do not engage in redlining or bias assessment supervisions or enforcement based solely on statistical evidence and/or stray remarks.
• Pursue only matters with proven actual intentional racial discrimination and identified victims.
• Deprioritize the following:
  • Loans or other initiatives for criminals
  • Medical debt
  • Peer-to-peer platforms and lending
  • Student loans
  • Remittances
  • Consumer data
  • Digital payments
• Primary consumer enforcement tools are its disclosure statutes.
• Do not engage in attempts to create price controls.

Need additional guidance regarding the 2025 priorities? Our compliance pros stand ready to help.