Consumer Financial Protection Circular 2024-01: Preferencing and Steering Practices by Digital Intermediaries for Consumer Financial Products or Services
Abstract
The Consumer Financial Protection Bureau (Bureau or CFPB) has issued Consumer Financial Protection Circular 2024-01, titled, "Preferencing and steering practices by digital intermediaries for consumer financial products or services." In this circular, the Bureau responds to the question, "Can operators of digital comparison- shopping tools or lead generators violate the Consumer Financial Protection Act (CFPA) by preferencing products or services based on financial or other benefits to the operator?"
Federal Register Source
This document is published by the Office of the Federal Register, National Archives and Records Administration. Access the full regulatory text, preamble, and docket comments below.
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Frequently Asked Questions
What is the 2024-05141 Federal Register document?
Document 2024-05141 is a Final Rule published by the Consumer Financial Protection Bureau in the Federal Register on March 12, 2024. The Consumer Financial Protection Bureau (Bureau or CFPB) has issued Consumer Financial Protection Circular 2024-01, titled, "Preferencing and steering practices by digital intermediaries for consumer financial products or services." In this circular, the Bureau responds to the question, "Can operators of digital comparison- shopping tools or lead generators violate the Consumer Financial Protection Act (CFPA) by preferencing products or services based on financial or other benefits to the operator?" View the original at https://www.federalregister.gov/documents/2024/03/12/2024-05141/consumer-financial-protection-circular-2024-01-preferencing-and-steering-practices-by-digital.
Is document 2024-05141 an economically significant rule?
No. Document 2024-05141 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.