Democratic AGs Sign Up in Support of CFPB Registry Tracking Repeat Scammers

  • A group of 10 Democratic AGs sent a letter to the CFPB supporting its final rule establishing a registry of nonbank financial firms that are subject to enforcement orders for violating consumer protection laws.
  • In the letter, the AGs opine that the registry will improve efficiencies in the CFPB’s and AGs’ consumer protection enforcement efforts against repeat offenders, and benefit nonbank financial firms through reduced compliance costs.
  • We recently covered the CFPB’s final rule establishing the registry.