CFPB Shelves Enforcement Changes After Staff Pushback (1)

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 ...