Muzzled under Trump, Consumer Bureau to renew tough industry oversight

Source: Tory Newmyer, Washington Post (Paid Registration)

The Consumer Financial Protection Bureau, the watchdog created after the 2008 financial meltdown and largely muzzled in the Trump era, is poised to start barking again.

The agency will focus first on enforcing legal protections for distressed renters, student borrowers and others facing growing debt that its previous leadership has been lax about imposing during the pandemic. But the CFPB—which President Biden has tapped 38-year-old Rohit Chopra to lead—is also likely to take an unprecedentedly tough line against industry giants it finds engaging in abusive practices, former agency officials advising the Biden team say.

Read Full Article: Muzzled under Trump, Consumer Bureau to renew tough industry oversight

 

Tags/Keywords

 

Quick Menu

Support Consumer Action

Support Consumer

Join Our Email List

Optional Member Code
Facebook FTwitter T

Insurance Menu

Help Desk

Advocacy