The Consumer Financial Protection Bureau, having lost roughly half its lawyers during President Donald Trump’s second term, is trying to reshuffle the remaining ones to finalize rules on open banking and other contentious issues and to prepare for industry lawsuits.
The CFPB is asking attorneys throughout the agency to join its Legal Division and the Research, Markets, and Regulations Division, to both write and defend those new rules, according to internal emails obtained by Bloomberg Law.
The intention is to pluck attorneys from units that are now largely inoperative, such as enforcement and fair lending, and assign them ...
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