Tag Archives: enforcement

ABA: CFPB Should Rely More on Supervisory Process, Not Enforcement Actions

In a comment letter to the Consumer Financial Protection Bureau today -- the third of 12 the association will submit as part of the bureau’s ongoing feedback initiative -- ABA called on the bureau to seek resolution of regulatory violations and compliance management weakness through the supervisory process rather than rushing to enforcement actions.

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Mulvaney Outlines Plans for ‘Mild’ but ‘Certain’ CFPB

Consumer Financial Protection Bureau Acting Director Mick Mulvaney today echoed his previous comments that the CFPB will no longer “push the envelope” with respect to enforcement actions, adding that instead, he envisions a supervisory body that is “mild” but “certain.”

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