Partner Catherine Brennan comments for Bloomberg Law on recent CFPB enforcement actions
On March 13, Bloomberg Law published reactions by the financial services industry in response to the Consumer Financial Protection Bureau's (CFPB) recent enforcement actions against Fifth Third Bank and Citizens Bank NA. According to Bloomberg, the enforcement actions seemed to catch the industry off-guard. The industry had expected a significantly lighter enforcement touch when the Trump administration took office in 2017. Hudson Cook Partner Catherine Brennan is quoted in the article.
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