Facing Trump, CFPB Picks Up Enforcement Pace

Law360, New York (February 17, 2017, 6:08 PM EST) -- The opening months of 2017 have seen a fivefold increase in Consumer Financial Protection Bureau enforcement actions compared to previous years, and attorneys say that is in part a result of the bureau seeking to get as much done as possible before President Donald Trump tries to reshape it.

Trump is believed to want to fire CFPB Director Richard Cordray and replace him with a more industry-friendly leader. While that potential move has been complicated by ongoing litigation in the D.C. Circuit, it has increased uncertainty inside the CFPB's ranks.

To be sure, many of the enforcement actions the CFPB has...

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