CFPB Director Rohit Chopra and General Counsel Seth Frotman article on state enforcement as a federal legislative tool
In this article—published in the Harvard Journal on Legislation—CFPB Director Rohit Chopra and CFPB General Counsel Seth Frotman discuss Congress’s visionary empowerment of states to enforce federal consumer financial protections.
The analysis finds that all fifty states have collectively participated in about fifty total actions using this authority across the country, regardless of the political party of state officials. The article further explores how these efforts have been successful in ensuring robust protections for consumers, complementing federal enforcement of the federal consumer financial protection laws as well as private enforcement by individual citizens.
The Consumer Financial Protection Bureau is a 21st century agency that implements and enforces Federal consumer financial law and ensures that markets for consumer financial products are fair, transparent, and competitive. For more information, visit www.consumerfinance.gov.