CFPB Issues Revised Administrative Litigation Procedures, Signaling Possible Increase in In-House Adjudications

The upshot, for busy people: The Consumer Financial Protection Bureau (CFPB) can sue companies in federal court or in its in-house administrative proceedings. Although the CFPB regularly announces settlements styled as administrative proceedings, it has rarely held administrative trials or other contested enforcement proceedings in that forum. On February 22, 2022, and without an accompanying…