Buckle up: CFPB bringing back regulation by enforcement

buckle up cfpb bringing back regulation by enforcement

Sumary of Buckle up: CFPB bringing back regulation by enforcement:

  • Under Chopra, complex financial institutions with large consumer portfolios that had significant forbearance activities during COVID-19 and under the CARES Act are likely to be priority targets..
  • Chopra Senate confirmation was recently delayed (again), but he is expected to be confirmed before the Senate August recess..
  • In his testimony before the Senate Banking Committee, and in other forums, Commissioner Chopra has said he will focus on the following areas of banking in particular:.
  • Military Lending Act and Servicemembers Civil Relief Act enforcement, and heightened attention to protection of veterans’ rights more generally….

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