How The CFPB Is Crushing Small Lenders

Law360, New York (September 6, 2012, 12:37 PM EDT) -- Imagine this 2017 news story:

Congress Expands The CFPB's Reach To Mattress Companies As Nation Endures Severe Mattress Shortage

  Sept. 1, 2017--Today Congress passed legislation authorizing the Consumer Financial Protection Bureau to expand its reach to regulate the production and quality of mattresses. After the overwhelming cost of compliance under the Consumer Protection Act and the CFPB’s regulations forced credit unions and community banks to shut their doors, the “too big to fail” banks have all merged into two remaining banks, the National Banking League...
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Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.