The Consumer Financial Protection Bureau (CFPB) under the Trump administration is implementing a major shift in its supervisory and enforcement priorities for 2025. The agency plans to reduce its inspections of financial services companies by 50%, focusing its efforts on protecting military personnel while deprioritizing oversight of student loans, medical debt, digital payments, and fintech firms. The CFPB will also move away from imposing fines on companies, instead emphasizing the recovery of funds for consumers who have suffered tangible harm, according to Chief Legal Officer Mark Paoletta. Additionally, the agency is scaling back its policing of nonbank financial firms and ending controversial "regulation through guidance" practices. This realignment includes a shift from fintech oversight back to traditional banks and increased reliance on state-led enforcement. Consumer advocates have expressed concerns that these cuts could lead to a resurgence of risky loans and scams similar to those seen during the subprime mortgage crisis. The CFPB has also announced it will not prioritize oversight of the Repeat Offender Registry as part of these changes.