Consumer Financial Protection Bureau outlines new priorities for 2025

The Consumer Financial Protection Bureau (CFPB) is rescinding its existing enforcement and supervision priority documents, according to a memo sent to bureau staff by CFPB Chief Legal Officer Mark Paoletta. The memo can be seen at HERE

The CFPB will now focus its enforcement and supervision resources on pressing threats to consumers, particularly servicemembers, their families, as well as veterans.

Paoletta emphasized that the "bureau will focus on actual fraud against consumers, where there are identifiable victims with material and measurable consumer damages as opposed to matters based on the bureau's perception that consumers made 'wrong' choices."

Bureau will focus on redressing tangible harm by getting money back to consumers.

In addition, the bureau will focus on redressing tangible harm by getting money back to consumers, rather than imposing penalties merely to fill the CFPB's penalty fund.