Skip to main content

We’re studying the costs of complying with consumer finance regulations

Banks, credit unions, and other financial services providers are concerned with compliance costs – how much it costs to comply with financial regulations – and we’re interested as well. Regulations can have many benefits for consumers, but the benefits sometimes come at a cost.

What we want to know
What are the extent and nature of compliance costs?

So, what are we doing?
Our Research, Markets, and Regulations team is studying the costs related to rules we inherited from other agencies. We want to increase public understanding of compliance costs. As a first step, we will talk to banks across the country about the costs they incur to comply with consumer regulations for deposit products and services. These include products like checking accounts and debit cards, which nearly all banks offer and most consumers use. Through our research, we hope to become better and smarter regulators.

Join the conversation. Follow CFPB on X (formerly Twitter) and Facebook .