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Home » Store » Regulation » CFPB Ready to Begin Bank Examination Immediately

CFPB Ready to Begin Bank Examination Immediately

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The controversial Consumer Financial Protection Bureau plans to hit the ground running with bank supervision and examination when its doors officially open for business on July 21, even though there will be no Senate-confirmed director in place as of kick-off. “The new consumer agency is here to make sure that markets work for American families, and our bank supervision program is a big part of that,” said Elizabeth Warren, special advisor to the secretary of the Treasury on the CFPB. “Starting on July 21, we will be a cop on the beat – examining banks and protecting consumers.”...
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