Consumer Finance Enforcement Action Tracker - 2021 Year in Review

BRG’s Financial Institution Advisory (FIA) practice is pleased to submit the first-annual edition of the Consumer Finance Enforcement Action Tracker – Year in Review.

The 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 2021 and includes the following:

• Summary of current actions
• Enforcement action trends
• State enforcement snapshot
• Violation types cited and borrower restitution and penalties
• Product types cited and total penalties
• Regulatory trends
• Spotlight on 2021 actions

This edition is now inclusive of 2021 Consumer Financial Protection Bureau (CFPB) and five states’ (New York, Florida, Massachusetts, California, and Illinois) data. 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.