More Companies Challenging CFPB Enforcement Actions
National Mortgage News, Mar. 31, 2017–Kate Berry (subscription)
The Consumer Financial Protection Bureau racked up an impressive track record related to enforcement actions between its formation in 2011 and 2015, winning 122 cases without losing a single one. But that unblemished record has come to an abrupt end. More companies and individuals are challenging the CFPB’s authority, inspired in part by a successful suit by the nonbank mortgage lender PHH Corp. as well as a feeling that the agency has overplayed its hand.
