Fines Against U.S. Bank for $37.5 Million for Allegedly Unauthorized Accounts Demonstrate Vast Power of CFPB, As Bureau’s Future Uncertain
The future of the Consumer Financial Protection Bureau (CFPB), an independent bureau within the Federal Reserve that implements and enforces consumer financial laws, is uncertain as the U.S. Supreme Court agreed last month to hear a constitutional challenge to its funding structure. At the same time, GOP legislative proposals that range from restructuring the agency […]
