2022 saw a flurry of regulatory activity by federal enforcement agencies — most notably, the Consumer Financial Protection Bureau (CFPB, or Bureau) — as the industry began to experience the full effects of the change in administration and the first full year of Rohit Chopra at the helm of the CFPB. Though the absolute number of publicly announced enforcement actions at the federal level declined this year, the raw numbers obscure the fundamental shift in activity that has occurred, and is continuing to occur, at the federal level.
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