CFPB Enforcement Actions: Lessons Learned

One look at the Consumer Financial Protection Bureau’s (CFPB’s) website reveals the importance of publicizing enforcement actions in their strategy to protect consumers from harm in an increasingly “dangerous” financial world. From tracking every dollar of penalties, to robustly worded press releases, it is clear the CFPB is trying to protect the public by changing the negative behavior of bad actors. Public announcement of these actions serves to inform and educate all financial institutions in order to improve regulatory compliance and eliminate abusive practices.

Join veteran compliance attorney David Reed as he reveals the hidden benefits of enforcement actions when evaluating and adjusting your compliance program.

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