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Keep aware of the CFPB-Part 2
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Regulatory Updates
Wednesday, July 16, 2014
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In part one of this two-part series, expert attorneys explained why you need to keep an eye on the Consumer Financial Protection Bureau. It has a long-reaching investigatory arm, and even if you think you are beyond its grasp, you might not be. If you do come under an investigation, the next concern is what an enforcement action could look like. In part two, they review the CFPB’s extensive enforcement powers.
One significant weapon the agency has in its arsenal is the ability to commence its own civil actions.
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