CFPB Ditches Reporting Rule for Wayward Financial Firms
Published Date: 10/29/2025
Rule
Summary
The Consumer Financial Protection Bureau is canceling a rule that made certain nonbank companies report government orders about their financial products. This change means those companies won’t have to share this info anymore, saving them and the Bureau time and money. The new rule takes effect right away on October 29, 2025, and aims to keep things simpler without hurting consumer protection.
Analyzed Economic Effects
5 provisions identified: 4 benefits, 1 costs, 0 mixed.
Paperwork, Labor, and Bureau Cost Savings
The rescission removes compliance steps that the Bureau previously estimated would involve about 35 hours of paperwork burden for the initial registration plus first annual report (5 hours for initial registration and 30 hours for the first annual report), a total paperwork estimate in excess of 271,000 hours across covered nonbanks, and firm-level estimated labor costs of $350 for an initial registration and $2,100 for an annual reporting cycle. The Bureau also estimated operating costs to run the registry of about $2.5 million and 10,400 hours of Federal staff time (about five full-time employees); those costs are avoided by the rescission effective October 29, 2025.
Nonbank Registration Requirement Removed
If you are a nonbank company that would have had to register covered agency or court orders with the CFPB, the Bureau has rescinded that registration requirement. The change is effective October 29, 2025, so covered nonbanks no longer must submit identifying information and copies of covered orders to the CFPB registry.
Annual Reporting for Supervised Firms Ended
Supervised registered entities that previously faced an annual written-statement reporting requirement (the rule applied to supervised registrants other than entities with less than $5,000,000 in annual receipts) will no longer have that annual reporting obligation once the rescission takes effect on October 29, 2025.
CFPB Registry Publication Stopped
The Bureau is rescinding the NBR Rule provisions that authorized publishing information submitted to the nonbank registry, so the CFPB will not maintain and publish that centralized registry of covered orders after the rescission becomes effective on October 29, 2025. The rescission removes the Bureau's authorization to make registry submissions publicly available on its website.
Consumers May Avoid Pass-Through Compliance Costs
The Bureau's rescission is based in part on its view that the NBR Rule imposed costs on regulated entities that 'may be passed on to consumers.' By rescinding the rule effective October 29, 2025, the Bureau says those potential compliance costs and the Bureau's own registry operating costs will be avoided, which the Bureau frames as keeping things simpler without hurting consumer protection.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-08494 — Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)
Starting June 30, 2026, new rules will help banks and lenders better track loans to small, women-owned, and minority-owned businesses. These changes make it easier for lenders to follow the rules, improve the quality of loan data, and support fair lending. Lenders must fully comply by January 1, 2028, so small businesses get a fair shot at credit.
2026-07804 — Equal Credit Opportunity Act (Regulation B)
The Consumer Financial Protection Bureau is updating rules to make sure everyone gets a fair shot at credit without being unfairly discouraged or discriminated against. These changes clarify how lenders should handle special credit programs and prevent hidden biases. The new rules kick in on July 21, 2026, helping protect your rights and keep lending fair and square.
2025-19864 — Equal Credit Opportunity Act (Regulation B)
The Consumer Financial Protection Bureau is updating rules to make sure everyone gets a fair shot at credit, no matter who they are. These changes clarify how lenders should avoid unfair treatment and support special credit programs. If you want to share your thoughts, you’ve got until December 15, 2025, to speak up!
2025-19865 — Small Business Lending Under the Equal Credit Opportunity Act (Regulation B)
The CFPB is updating rules for small business loans to make things simpler and fairer for lenders and borrowers. These changes affect banks and lenders by redefining which loans count and what info they must collect, aiming to improve data quality. Comments on the proposal are open until December 15, 2025, so get ready to weigh in!
2025-19687 — Rules of Practice for Adjudication Proceedings
The Consumer Financial Protection Bureau (CFPB) is rolling back some changes it made in 2022 and 2023 to how it runs legal hearings, like depositions and deadlines. These old rules are mostly gone, but a few small clarifications stick around. This update kicks in on October 29, 2025, and affects anyone involved in CFPB legal cases, making the process clearer and smoother without adding new costs.
2025-16139 — Personal Financial Data Rights Reconsideration
The CFPB wants your thoughts on how to make it easier and safer for people to get their personal financial data. They’re looking at who can ask for your info, how much it should cost, and how to keep your data safe and private. This could change how companies handle your info and might affect fees and security rules soon.
Previous / Next Documents
Previous: 2025-19687 — Rules of Practice for Adjudication Proceedings
The Consumer Financial Protection Bureau (CFPB) is rolling back some changes it made in 2022 and 2023 to how it runs legal hearings, like depositions and deadlines. These old rules are mostly gone, but a few small clarifications stick around. This update kicks in on October 29, 2025, and affects anyone involved in CFPB legal cases, making the process clearer and smoother without adding new costs.
Next: 2025-19693 — IFR Altitudes; Miscellaneous Amendments
This document updates the rules for flying by instruments, changing some altitude guidelines and other small fixes to keep flights safe and smooth. Pilots and airlines will notice these changes, which take effect soon and don’t cost extra money. It’s all about making the skies friendlier and clearer for everyone flying.