What We've Learned From CFPB's 1st Year

Law360, New York (September 28, 2012, 2:10 PM EDT) -- As the CFPB completes its first year of operation, much can be learned from its investigation and enforcement activity thus far.

The Consumer Financial Protection Bureau recently completed its first year of operation as the new "cop on the beat" for consumer financial matters. The CFPB is the newest federal agency authorized to supervise banks, but its authority extends further to larger nonbank participants — companies that provide broadly defined consumer financial products or services but that do not have a bank, thrift, or credit union...
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