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90 Tul. L. Rev. 1057 (2015-2016)

handle is hein.journals/tulr90 and id is 1119 raw text is: 







         TULANE


LAW REVIEW


VOL. 90                      JUNE 2016                        No. 5


  Consumer Financial Protection Bureau Law
       Enforcement: An Empirical Review

                    Christopher L. Peterson*

I.   INTRODUCTION   ........................................................................... 1058
II.  BACKGROUND: THE CFPB's SUPERVISORY AND
     ENFORCEMENT AUTHoRITY ...................................................... 1064
III. METHODS: CLASSIFYING THE CFPB OFFICE OF
     ENFORCEMENT'S BODY OF WORK ............................................. 1073
IV   R ESU LTS ..................................................................................... 1076
     A. CFPB 's Enforcement Rollout: Announced Cases
          and Consumer ReliefAwarded by Year ........................... 1076
     B.   CFPB   ' Enforcem ent Process. Settlement,
          IndividualLiabilit A dminnstrativeAdjucaton,
          and Interagency Collaboration ......................................... 1079
     C    CFPB' Enforcement Outcomes.- Financial
          Products, Consumer Financial Laws, and Financial
          Institutions  ........................................................................ 1083

    *    © 2016 Christopher L. Peterson. John J. Flynn Professor of Law, University of
Utah, S.J. Quinney College of Law, and Special Advisor, Office of the Director, Consumer
Financial Protection Bureau. This Article is based on the author's presentation of the
inaugural Sher Garner Keynote Address in Commercial Law at the Tulane University School
of Law. The author wishes to thank Lee Sher and Jim Garner for their support of commercial
law scholarship. The author gratefully acknowledges feedback and constructive criticism
from many Consumer Financial Protection Bureau staff, especially those who attended a
lunch speaker series presentation of this research in December of 2015. However, this Article
presents the views and estimates of the author alone and does not necessarily represent the
views, estimates, or positions of the Consumer Financial Protection Bureau or any of its other
staff. Alex Williams provided valuable research assistance.
                               1057

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