Consumer Finance Enforcement Action Tracker | Q1 2022

BRG’s Financial Institution Advisory (FIA) practice is pleased to submit its Consumer Finance Enforcement Action Tracker for Q1 2022. This tracker provides insight into current trends in regulatory and state enforcement actions and uses those actions to support institutions in initiating risk mitigation steps and forecasting possible directions of future actions.

This edition includes data from Q2 2021 through Q1 2022 and the following:

• Summary of current actions
• Enforcement action trends
• Period from Q2 2021 to Q1 2022:
  • Consumer Financial Protection Bureau (CFPB) other regulatory enforcement action trends
  • CFPB violation types cited and borrower restitution and penalties
  • CFPB product types cited and total penalties
  • CFPB regulatory trends
  • State enforcement snapshot
• Period Q1 2022:
  • CFPB spotlight on actions
  • Other regulatory spotlight on actions
  • State spotlight on actions

This edition of the tracker is also inclusive of Q2 2021 through Q1 2022 data for:

• Department of Justice (DOJ)
• Federal Deposit Insurance Corporation (FDIC)
• Federal Reserve Board (FRB)
• Office of the Comptroller of the Currency (OCC)
• Five key states: New York, Florida, Massachusetts, California, and Illinois

All data provided in this report is published publicly but not always readily available; we have consolidated the data here to be easily accessible and quickly utilized.