Prohibited Terms and Conditions in Agreements for Consumer Financial Products or Services (Regulation AA); Withdrawal of Proposed Rule

Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Consumer Financial Protection Bureau 12 CFR Part 1027 [Docket No. CFPB-2025-0002] RIN 3170-AB23 AGENCY: Consumer Financial Protection Bureau. ACTION: Proposed rule; withdrawal. SUMMARY: The Consumer Financial Protection Bureau (Bureau or CFPB) is withdrawing its Notice of Proposed Rule: Prohibited Terms and Conditions in Agreements for Consumer Financial Products or Services (Regulation AA) (NPRM). The Bureau has determined that legislative rulemaking is not necessary or appropriate at this time to address the subject matter of the NPRM. The Bureau will not take any further action on the NPRM. DATES: The notice of proposed rulemaking is withdrawn as of May 15, 2025. ADDRESSES: The docket for this withdrawn proposed rule is available at https://www.regulations.gov/​document/​CFPB-2025-0002-0001 . FOR FURTHER INFORMATION CONTACT: George Karithanom, Regulatory Implementation and Guidance Program Analyst, Office of Regulations, at 202-435-7700 or https://reginquiries.consumerfinance.gov/​ . If you require this document in an alternative electronic format, please contact CFPB_Accessibility@cfpb.gov . SUPPLEMENTARY INFORMATION: The Bureau is withdrawing the notice of proposed rulemaking, Prohibited Terms and Conditions in Agreements for Consumer Financial Products or Services (Regulation AA), published on January 14, 2025, 90 FR 3566 . The proposed rule would have prohibited certain contractual provisions in agreements for consumer financial products or services. …