Key facts
- The Consumer Financial Protection Bureau has not issued any enforcement actions against financial companies since November 21, 2017.
- Under previous leadership, the CFPB averaged two to four enforcement actions per month.
- The CFPB returned $3.97 billion to consumers through enforcement actions and an additional $7.93 billion in other relief.
Documents obtained by The Associated Press indicate that the Consumer Financial Protection Bureau (CFPB) has ceased all enforcement actions against financial institutions since the Trump administration took control of the agency in late 2017. This represents a significant departure from the bureau's previous operational tempo, which under Democrat Richard Cordray saw an average of two to four enforcement actions issued monthly. The records show no actions have been taken since November 21, 2017. Enforcement actions were a primary mechanism through which the CFPB returned funds to consumers harmed by financial companies. Previously, the bureau had returned $3.97 billion in cash and an additional $7.93 billion in other forms of relief to American consumers through these actions.