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Rick Fischer spoke to Bloomberg about the likely resurrection of the Consumer Financial Protection Bureau (CFPB) under the Biden administration after large banks saw a reprieve from aggressive enforcement during Trump’s time in office.

Wall Street Frets Over a Revival of CFPB Left Toothless by Trump

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Rick Fischer spoke to Bloomberg about the likely resurrection of the Consumer Financial Protection Bureau (CFPB) under the Biden administration after large banks saw a reprieve from aggressive enforcement during Trump’s time in office.Big banks “frankly should be nervous,” Rick said. “They recognize what life was like under [Obama’s CFPB chief Richard] Cordray and they recognize the size of his civil penalties.”Read the <a target="_blank" href="https://www.bloomberg.com/news/articles/2020-12-08/wall-street-frets-over-a-revival-of-cfpb-left-toothless-by-trump">full article</a>.