CFPB Enforcement Is Down, But The Lull May Not Last Long
By Jon Hill (February 14, 2022, 10:46 PM EST) -- Under the Biden administration, the Consumer Financial Protection Bureau has so far taken fewer enforcement actions and pulled in fewer dollars in fines. But some observers believe there are signs from inside and outside the agency that this may just be the calm before the storm.
Expectations for more vigorous CFPB enforcement have run high since President Joe Biden took office last year and installed new management at the agency, which faced frequent criticism during the Trump administration from consumer advocates who felt it often pulled punches with the financial industry.
But in the year since then, the CFPB has publicly...
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