CFPB Recent Action Issue Brief

Rohit Chopra was sworn in as CFPB Director in October 2021, replacing Acting Director Dave Uejio. Director Chopra has quickly returned the Bureau to something reminiscent of the Cordray era, pursuing regulation by enforcement and using inflammatory language to publicly shame institutions for allegedly violating consumer protection laws. But Director Chopra has only filed a handful of enforcement actions and consent orders and has not yet issued many rule makings through the notice and comment process.

Although the CFPB has focused its efforts on direct messaging through blog posts,Requests for Information (RFIs), and news appearances, it seems clear that past few months have been an exercise in laying the groundwork for what’s to come. Below are summaries of the CFPB’s recent actions and statements, ordered from newest to oldest.