The Consumer Financial Protection Bureau is Radically Changing the Playing Field for Financial Institutions

The Consumer Financial Protection Bureau is Radically Changing the Playing Field for Financial Institutions

Aug 29, 2012

Article

Brownstein Client Alert, August 29, 2012

In just over one year, the government’s beat cop, the United States Consumer Financial Protection Bureau (also known as the CFPB) is already starting to have an impact on financial institutions. In fact, on July 18, 2012 in its first enforcement action, the CFPB ordered Capital One to pay $210 million for deceptive marketing tactics. This is just the beginning.

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