Lawmakers in California to create a new financial protection watchdog agency

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Lawmakers in California are rushing to create a new financial protection watchdog agency. They say it’s needed because, under the Trump administration, the main federal regulator has been paralyzed.

New Old

Aug 14, 2020, Fri

npr.org News Aug 14, 2020, Friday

New California Financial Watchdog Would Take Aim At Predatory Lenders Amid Pandemic : NPR

California may be on the cusp of creating a watchdog agency. Proponents say federal regulators aren't doing their job, leaving leaving millions of Americans vulnerable during the coronavirus crisis.

News California

Mar 11, 2019, Mon

consumerfed.org Law Mar 11, 2019, Monday

Dormant: The Consumer Financial Protection Bureau’s Law Enforcement Program In Decline · Consumer Federation Of America

This study analyzes whether the CFPB, under the Trump Administration, is delivering on its statutory law enforcement objectives and stated commitments to take aggressive action in the area of consumer law enforcement, particularly where complaint volume is the largest. To accomplish this, this study identifies and classifies every public enforcement action since the inception of … Continued

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