The Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger has called more attention to enforcement actions in order to discourage violations of consumer protection laws. The notices are similar to those issued under Richard Cordray, the former CFPB Director.
"There’s a misimpression that somehow the CFPB has been laid back," said Anthony DiResta, co-chair of Holland & Knight's Consumer Protection Defense and Compliance Team. "Investigations under Director Kraninger are as intense and complex as they’ve ever been. From a post-Cordray perspective, enforcement is alive and well."
READ: Led by Trump Appointee, CFPB is Back in the Enforcement Business (Subscription required)
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