CFPB Nixes All Expert Witness Contracts in Enforcement Halt (1)

The Consumer Financial Protection Bureau canceled contracts with all expert witnesses in existing enforcement litigation as it purges more than $100 million in contracts across the agency, an indication the watchdog is planning to stop or significantly scale back its enforcement proceedings.

While the CFPB doesn’t use expert witnesses in every case, canceling all of the contracts confirms the agency under acting Director Russell Vought is taking a sledgehammer to its enforcement work.

“If they were going to continue any litigation, they would’ve examined which cases to continue before eliminating expert witnesses,” said Jesse Silverman, counsel at Troutman Pepper Locke ...