Authority of States To Enforce the Consumer Financial Protection Act of 2010; Rescission
CFPB rescinds May 2022 interpretive rule on state enforcement of the CFPA, restoring states' authority to enforce federal consumer financial laws against national banks and federal savings associations.
Aforeworn detected this change in the Debt Collection (FDCPA / State) space on July 30, 2026 and published this briefing so affected operators are forewarned rather than caught off guard. It is rated Medium urgency. Debt collection agencies, debt buyers, collection law firms, and creditor first-parties subject to state enforcement actions. should confirm how it applies to their specific situation before acting. There is a time constraint attached: Effective immediately upon publication (May 15, 2025). No specific compliance deadline provided.. Acting after that point can mean penalties, a lapsed licence, or lost eligibility — exactly the kind of surprise Aforeworn exists to prevent. Aforeworn monitors Debt Collection (FDCPA / State) continuously and turns every detected change into a plain-English briefing like this one, so you always know first. Forewarned is forearmed.
What changed
The CFPB rescinded its 2022 interpretive rule that had limited states' ability to enforce the Consumer Financial Protection Act against national banks and federal savings associations. States now have restored authority to bring enforcement actions under the CFPA.
Who it affects
Debt collection agencies, debt buyers, collection law firms, and creditor first-parties subject to state enforcement actions.
What you must do
Review state enforcement priorities and ensure compliance with both federal and state debt collection laws, as states may now more actively enforce the CFPA.
Deadline
Effective immediately upon publication (May 15, 2025). No specific compliance deadline provided.
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