67 Views

U.S. consumer watchdog’s enforcement chief to step down: WSJ

© Reuters.  U.S. consumer watchdog's enforcement chief to step down: WSJ© Reuters. U.S. consumer watchdog’s enforcement chief to step down: WSJ

WASHINGTON (Reuters) – The U.S. Consumer Financial Protection Bureau’s enforcement chief, Anthony Alexis, plans to leave the agency, the Wall Street Journal reported on Monday, a move that could slow the regulator’s policing of financial companies.

Alexis has led the bureau’s enforcement operations during most of its six years of existence, the Journal said, helping Director Richard Cordray run the agency that is reviled by Republicans who say it reaches too far in its rules and enforcement and should be more accountable to lawmakers.

Alexis, the highest-profile figure to leave the agency under the Trump administration, has agreed to stay in the job until a replacement has been found, the newspaper said, citing an announcement by the official. Cordray’s term ends in July 2018.

The Journal said the agency had filed more than 30 enforcement actions this year, a pace similar to last year’s.

“The pace of enforcement matters may go slower as a result of the departure, as staff make adjustments to the internal structure of the Office of Enforcement to process the implications of the change,” the Journal quoted Jennifer Lee, a Dorsey & Whitney partner and a former CFPB enforcement official, as saying.

Some Republican lawmakers have introduced legislation to weaken and even dismantle the agency, which was created as part of the Dodd-Frank Act after the 2007-2009 financial crisis.

Democrats say it helps ensure fair treatment for middle-class people unable to fight fraud on their own.

sponsoredArticle = ‘div-gpt-ad-1466339494851-0’;

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Latest Posts

9 tips to last longer than 13 minutes
Uncategorized
81 views
Uncategorized
81 views

9 tips to last longer than 13 minutes

adminuser - January 19, 2018

It’s common to equate sexual prowess with sexual stamina — although, amazing-and-short sex is almost always preferable to awful-but-long banging. Most people might not want to admit…

Julian Assagne warns: “If you don’t invest in Bitcoin during the current meltdown you will regret it for the rest of your life!”
Uncategorized
1831 views
Uncategorized
1831 views

Julian Assagne warns: “If you don’t invest in Bitcoin during the current meltdown you will regret it for the rest of your life!”

adminuser - January 16, 2018

WikiLeaks founder Julian Assange claims his organization has made a 50,000 percent return on bitcoin after investing in the cryptocurrency in 2010 — and it's all thanks to the…

WikiLeaks founder claims 50000% ROI on Bitcoin with this
Uncategorized
1097 views
Uncategorized
1097 views

WikiLeaks founder claims 50000% ROI on Bitcoin with this

adminuser - December 29, 2017

WikiLeaks founder Julian Assange claims his organization has made a 50,000 percent return on bitcoin after investing in the cryptocurrency in 2010 — and it's all thanks to the…

Watch: The cutest puppies of 2017!
Uncategorized
8855 views
Uncategorized
8855 views

Watch: The cutest puppies of 2017!

adminuser - December 27, 2017

As the 2017 is coming to an end check the cutest puppies of 2017!     https://www.youtube.com/watch?v=p079QtWvf7o  

There is no need to own Bitcoin to become a millionaire. This 21…
Uncategorized
3352 views
Uncategorized
3352 views

There is no need to own Bitcoin to become a millionaire. This 21…

adminuser - November 24, 2017

  You don't have to have any trading experience. Jared (of London, UK, aged 21) has discovered a miraculous method that lets anyone with a cell phone earn thousands…

Here is how you can start trading Bitcoin easily
Uncategorized
223 views
Uncategorized
223 views

Here is how you can start trading Bitcoin easily

adminuser - November 23, 2017

How to Trade Bitcoin in 4 Easy Steps Open a trading account with Bitcoin Code Fund your account Choose between contracts Start trading Bitcoin is the world’s…

Watch how dogs are protecting little children!
Uncategorized
30263 views
Uncategorized
30263 views

Watch how dogs are protecting little children!

adminuser - November 22, 2017

Those dogs are true bodyguards! You are in a serious danger if you mess with them. https://www.youtube.com/watch?v=0kcGex88PnM  

Funny Life with a Golden Retriever
Uncategorized
16136 views
Uncategorized
16136 views

Funny Life with a Golden Retriever

adminuser - November 16, 2017

This Dog would be your best buddy too! https://www.youtube.com/watch?v=n7-o7eoMaWM

WATCH: Cutest babies’ conversation you will ever see
Uncategorized
7731 views
Uncategorized
7731 views

WATCH: Cutest babies’ conversation you will ever see

adminuser - November 9, 2017

Two babies got along together!   https://www.youtube.com/watch?v=_UfFY6PSVu0

This cat doesn’t take no as an answer
Uncategorized
623 views
Uncategorized
623 views

This cat doesn’t take no as an answer

adminuser - November 8, 2017

This cat is stubborn.   https://www.youtube.com/watch?v=7zSkgwOJ7mY