The US financial sector is urging the revival of a largely dormant consumer regulator, citing concerns over the ongoing implications of its existing rules. Despite the Consumer Financial Protection Bureau’s headquarters being placed on hold, its guidelines continue to affect businesses, with state authorities monitoring compliance and potential penalties for non-compliance. Industry players are seeking a return to normalcy as they navigate post-Donald Trump-era regulations.
Source: https://www.bloomberg.com/news/articles/2025-03-12/banks-want-us-consumer-regulator-back-to-undo-rules-they-loathe