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CFPB fixes roads under enumerated authority
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Case Law, Commodities, Consumer Protection, Dodd-Frank Basics, Investor Protections, Nonbank Financial
Friday, May 8, 2015
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The Consumer Financial Protection Bureau inherited from the U.S. Department of Housing and Urban Development the authority to bring enforcement actions for violations under the Interstate Land Sales Full Disclosure Act. In a recent case, instead of seeking a civil penalty, the bureau is requiring a developer to fix some roads. Read on to learn more about the bureau’s jurisdiction over enumerated laws under Title X of the Dodd-Frank Act.
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