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In this Q&A session with Ben Saul regarding the Consumer Financial Protection Bureau, we discuss the status of Rohit Chopra's nomination to CFPB director, recent CFPB actions, areas of CFPB focus and managing CFPB risk.
To embed, copy and paste the code into your website or blog: With a new administration incoming at the Consumer Financial Protection Bureau (CFPB) and the country turning the corner in its fight against the pandemic, the CFPB has begun to flex its regulatory muscles once again. From ensuring LGBTQ- and COVID-19-related protections to rescinding or delaying the implementation of Trump Administration-era rules and policy statements, the CFPB has been very active in recent weeks reasserting itself. Protections for Disadvantaged Populations Since its inception, the CFPB has promoted the rights an...
To embed, copy and paste the code into your website or blog: Another day, another major pronouncement from the Consumer Financial Protection Bureau (CFPB or Bureau), which just took two important actions. First, it rescinded seven different policy statements that offered flexibility to financial institutions during the COVID-19 pandemic and the resulting economic downturn. Second, it dropped what many viewed to be an important supervisory tool. We explain what happened and why it matters. What Happened If it was not apparent before today, the era of COVID-19 accommodations for industry is com...