The kinder, gentler Bureau of Consumer Financial Protection (CFPB) has created a new office focused on emerging technology, announced a pair of consent orders that include minimal financial penalties, and continued to fend off constitutional challenges in federal court.
What Happened
The new approach being taken at the CFPB since Acting Director Mick Mulvaney took the helm has been evident from the beginning, from the philosophy regarding enforcement actions to structural changes within the Bureau. Most recently, a pair of consent orders and a new office demonstrate the different style.