Treasury Department Recommends Broad Reforms to CFPB
The Department of the Treasury recently cited the CFPB’s “unaccountable structure and unduly broad regulatory powers,” in suggesting reforms to address the CFPB’s “regulatory abuses and excesses.” The Department’s recommendations were made as a part of its report, A Financial System that Creates Economic Opportunities: Bank and Credit Unions, issued in response to President Trump’s Executive Order 13772 on Core Principles for Regulating the United States Financial System. The report covers a number of…
