Do Wells Fargo, U.S. Bancorp Investigations Signal a New Era at CFPB?

American Banker, May 7, 2021–Kevin Wack, Alissa Kline (subscription)
The banks disclosed this week that they are under scrutiny for conduct that may have harmed consumers. The timing raises questions about whether the Consumer Financial Protection Bureau under President Biden is poised to bring more enforcement actions against large banks than it did under Trump-appointed Director Kathy Kraninger.