Dont Read Too Much into CFPB Shift on Enforcement Attorneys
November 4, 2013
The CFPBs recent decision to no longer bring enforcement attorneys along for the ride in routine examinations may bring a sigh of relief to many in the industry, but its important to avoid reading too much into the move, according to a consultants analysis. For one thing, examiners will no longer be distracted by the need for additional legal review. Assigning an enforcement attorney to support every exam was the CFPBs most meaningful break from the practices of its prudential peers as it forged its own interdisciplinary approach to...