ABA Urges CFPB to Consider Cost, Burden of Civil Investigative Demands

In a comment letter to the Consumer Financial Protection Bureau today -- the first of 12 the association will submit as part of the bureau’s ongoing public feedback initiative -- the American Bankers Association offered several commonsense recommendations for rebalancing the bureau’s civil investigative demand process.

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The Weeble Wobble Bureau

In 2017, the Consumer Financial Protection Bureau suffered several setbacks in court, but each time, the agency bobbed back up and refused to temper its enforcement strategy.

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