CFPB Enforcement Picking Up After Supreme Court Cloud Cleared

The Consumer Financial Protection Bureau has started to revive its enforcement efforts now that the US Supreme Court has largely settled questions over its existence, but the pace under Director Rohit Chopra still lags previous administrations.

Public enforcement actions mostly grounded to a halt ahead of the high court’s May decision in CFPB v. Community Financial Services Association of America. In the months since the justices upheld the agency’s independent funding through the Federal Reserve, the CFPB’s enforcement unit has awoken from its slumber, according to Bloomberg Law’s review of enforcement actions through Sept. 30.

But the numbers still ...