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Home » CFPB Begins to Target Individuals in Crisis-Related Actions, Lessons Learned from Enforcement Cases
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CFPB Begins to Target Individuals in Crisis-Related Actions, Lessons Learned from Enforcement Cases

June 6, 2014
The Consumer Financial Protection Bureau’s effort to go after corporate executives in connection with its financial-crisis enforcement actions so far has led to 12 cases in which individuals were named as defendants or respondents. Individuals who have been included in CFPB complaints are primarily decision-makers or a party to the consumer transaction. Under the law, they include not only providers of consumer financial products or services, but also those with managerial responsibilities and a “material” participant in the transaction. Individual accountability is...
News Inside MBS & ABS Inside the CFPB Enforcement Legislation Regulation
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