CFPB Shifts Supervision and Enforcement Priorities; Staff Reduction Stayed by Court
1 Articles
1 Articles
CFPB Shifts Supervision and Enforcement Priorities; Staff Reduction Stayed by Court
On April 16, the CFPB released an internal memo outlining major shifts in its supervision and enforcement priorities, signaling a retreat from several areas of regulatory activity. The next day, the Bureau issued formal reduction-in-force (RIF) notices to numerous employees, notifying them of termination effective June 16. The supervision memo directs a significant reallocation of the Bureau’s focus and resources. Examinations are to be reduced …
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