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Uncharted Waters Ahead for the CFPB: Are You Prepared for the Storm?

Updated: Jun 2, 2022

As mentioned in last week’s post, the CFPB has taken a particularly aggressive stance over the past year. Historically, this would signal heavier regulation and scrutiny for financial institutions. But recent blogs and data posted by the CFPB suggest that they will be more creatively aggressive and may seek to expand the list of companies overseen. Here are 3 recent, notable examples:

1. Jan. 26, 2022: A Request for Information (RFI) regarding fees imposed by providers of consumer financial products or services is released (more information available