CFPB Pulls Plug on Registry for Sneaky Consumer Contract Tricks
Published Date: 10/29/2025
Proposed Rule
Summary
The Consumer Financial Protection Bureau (CFPB) has decided to stop moving forward with a rule that would have made certain nonbank companies register if they use contracts that limit consumer rights. This means these companies won’t have to share that info with the CFPB, and no new costs or deadlines are coming from this. If you’re a nonbank or a consumer, nothing changes for now!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
CFPB Withdraws Nonbank Registry Requirement
On October 29, 2025, the CFPB withdrew its February 1, 2023 proposed rule that would have required most supervised nonbanks to register use of certain form-contract terms and to publish that information. The proposal estimated over 7,300 supervised nonbanks would have to register, with total industry paperwork of about 202,875 hours (15 to over 214 hours per firm), plus operational costs the CFPB estimated at about $2.5 million and over 10,000 staff hours annually.
Consumers Lose Proposed Public Registry
Because the CFPB withdrew the proposal on October 29, 2025, the Bureau will not create the public registry that would have published supervised nonbanks' use of certain contract terms. If you are a consumer, you will not see that centralized public data or the registration-based transparency the proposal described, and no new consumer-facing publication is coming from this action.
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