CFPB Won't Shy From New Targets Despite Leadership Woes

Law360, New York (January 28, 2013, 8:50 PM EST) -- The financial industry is bracing for the Consumer Financial Protection Bureau to aggressively expand its regulatory authority in the coming months over debt relief services, prepaid cards and other products that have largely avoided strong, centralized oversight, despite a brewing legal and political battle over the appointment of the agency's director.

Soon after opening its doors in July 2011, the CFPB set out a list of six consumer financial markets for which it intended to define larger participants and subsequently subject for the first time to...
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