Consumer Financial Protection Bureau headquarters in Washington, D.C. Chopra's Deputies: State Attorneys General and Consumer Protection
The new Director is seeking to flex and strengthen all of CFPB's dormant muscles.
June 08, 2022 at 12:15 PM
9 minute read
In May 2022, the Consumer Financial Protection Bureau (CFPB) did something rare for federal agencies: It declared that state attorneys general have broader authority to enforce certain federal laws than does the federal government itself. CFPB's declaration came in the form of an interpretive ruling that instructed states of their ability to enforce the Consumer Financial Protection Act (CFPA) free from limitations, like industry carve outs, that apply to CFPB.
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