The Consumer Financial Protection Bureau has put the brakes on a planned restructuring of its supervision and enforcement unit after bureau staff raised objections to the changes.
The reorganization, announced in mid-October, would have essentially forced the CFPB’s enforcement division to get approval for new investigations and research matters from a new office in its Supervision, Enforcement and Fair Lending division.
But the plan was met with pushback within the bureau, according to a Monday email from Bryan Schneider, the associate director of the CFPB’s SEFL unit, obtained by Bloomberg Law.
“I continue to believe that SEFL should make ...
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