"Facebook and Instagram parent Meta Platforms Inc. said it is no longer facing potential penalties from the Consumer Financial Protection Bureau over advertising for financial services on its platforms. The CFPB informed Meta Sept. 25 that it closed the investigation, the company said in a quarterly securities filing posted Thursday."
"The closed probe is the latest in a broad enforcement pullback instituted by acting CFPB Director Russell Vought and another win for the tech giant over Biden-era scrutiny. The CFPB didn't immediately respond to a request for comment."
"CFPB enforcement staff in September 2024 told Meta that they may recommend ..."
Meta Platforms Inc. is no longer facing potential penalties from the Consumer Financial Protection Bureau over advertising for financial services on Facebook and Instagram. The CFPB informed Meta on Sept. 25 that it closed the investigation, according to a quarterly securities filing. The closure follows a broader enforcement pullback instituted by acting CFPB Director Russell Vought. The outcome marks another regulatory win for the tech giant amid prior Biden-era scrutiny. The CFPB did not immediately respond to a request for comment. The filing was posted Thursday.
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