In The News

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

Bloomberg

08 Dec 2020

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 full article.

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