CFPB Lays Out Final Enforcement Action Rules

Law360, New York (June 6, 2012, 8:06 PM EDT) -- The Consumer Financial Protection Bureau on Wednesday released final rules outlining how it will investigate potential violations of consumer protection laws, as well as how enforcement actions will proceed at the agency.

Modeled after existing procedures at the U.S. Securities and Exchange Commission, the Federal Trade Commission and other federal agencies, the CFPB said that the proposals improve on its original pass at the procedural rules released last July.

“These rules allow the agency to stay abreast of developments in consumer financial law, investigate possible violations...
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