This week’s Insider Deals are so good you’ll want all of themFILE - Consumer Financial Protection Bureau Director Rohit Chopra, speaks from the South Court Auditorium on the White House complex in Washington, April 11, 2022. Since its creation, the Consumer Financial Protection Bureau has faced lawsuits, political and legal challenges to the idea of whether the Federal Governments aggressive consumer financial watchdog agency should be allowed exist at all.
Chopra and other senior CFPB officials said they plan to beef up the size of bureau's law enforcement office likely to a staff of 275. The bureau plans to address other matters like pawn shops, medical billing, credit reporting and financial data issues through its rule-making authorities as well. The CFSA, the industry lobbying group for the payday lending industry and a longtime target of the CFPB, had argued that way the bureau was funded was unconstitutional. Lower courts, most notably the notoriously conservative Fifth Circuit Court of Appeals, had taken the payday lending industry's argument to call into question whether any of the CFPB's work over the last decade was legal in the first place.
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