The Consumer Financial Protection Bureau (CFPB) has announced that it will no longer use participation in the Non-Bank Registry as a basis for enforcement or supervision decisions. Established to necessitate certain finance companies to disclose enforcement actions and similar occurrences, the Non-Bank Registry was intended as a deterrent measure for the consumer finance industry.
The American Financial Services Association (AFSA) has been a strong opponent of the Non-Bank Registry since it was introduced. In February 2025, AFSA led other trade associations in urging the CFPB to withdraw the rule that established the registry. AFSA has argued that the effort equated to organizing futile investigations, which do not align with the CFPB’s limited resources and authority.
AFSA has expressed appreciation for the Trump administration's review and consideration of their industry concerns, acknowledging the administration's steps towards addressing these issues.