Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger on Tuesday issued a ratification of prior regulatory actions taken by the CFPB. The ratification covered actions the Bureau took from January 4, 2012 through June 30, 2020.

This action was taken in light of the Seila Law decision from the U.S. Supreme Court that found the CFPB structure unconstitutional. This ruling created some uncertainty as to the legality of the Bureau’s past official actions.

The CFPB declined to ratify some actions, including the voided Arbitration Rule and the rescinded provisions of the 2017 Payday Rule. The Bureau is also considering whether ratifications of certain other legally significant actions, such as certain pending enforcement actions, are appropriate. 

The Bureau stated some matters not included in today’s action will be considered separately.