CFPB Invites Public Feedback on Adjusting 'Larger Participant' Thresholds

August 19, 2025 - 22:16

On August 8, 2025, the Consumer Financial Protection Bureau (CFPB) issued four advance notices of proposed rulemaking (ANPR) inviting comments on the potential adjustment of the 'larger participant' thresholds. This initiative aims to reassess the criteria that determine which financial service providers are classified as larger participants under the CFPB's supervision.

The CFPB is particularly interested in gathering insights from stakeholders, including consumers, industry professionals, and advocacy groups, to better understand the implications of raising these thresholds. By doing so, the bureau hopes to enhance its regulatory framework to ensure it remains effective and relevant in a rapidly evolving financial landscape.

The proposed changes could impact a variety of financial institutions, including those involved in consumer lending and payment processing. Stakeholders are encouraged to share their perspectives on how these adjustments may affect competition, consumer protection, and overall market dynamics. The CFPB’s decision will ultimately shape the regulatory environment for larger financial entities, influencing their operations and consumer interactions.