02-23-2021, 12:51 AM
https://www.americanbanker.com/news/cfpb...nforcement
The Consumer Financial Protection Bureau is assembling a new enforcement team and hiring more personnel as it prepares to toughen oversight of banks, mortgage servicers and other financial firms.
President Biden’s pick to lead the agency, Federal Trade Commissioner Rohit Chopra, has not yet had a nomination hearing before the Senate Banking Committee. But the agency under acting Director Dave Uejio has already named a new head of enforcement and launched an effort to recruit attorneys.
The size of the agency's workforce tapered off during the Trump administration as enforcement activity slowed. But observers see the latest personnel moves as a sign that the bureau aims to bulk up under new leadership, even before Chopra is confirmed...
The Consumer Financial Protection Bureau is assembling a new enforcement team and hiring more personnel as it prepares to toughen oversight of banks, mortgage servicers and other financial firms.
President Biden’s pick to lead the agency, Federal Trade Commissioner Rohit Chopra, has not yet had a nomination hearing before the Senate Banking Committee. But the agency under acting Director Dave Uejio has already named a new head of enforcement and launched an effort to recruit attorneys.
The size of the agency's workforce tapered off during the Trump administration as enforcement activity slowed. But observers see the latest personnel moves as a sign that the bureau aims to bulk up under new leadership, even before Chopra is confirmed...