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Consumer Finance Enforcement Action Tracker

Michael Canale, John DelPonti, Paul Noring, and Vincent Urbancic

November 22, 2021

BRG’s Financial Institution Advisory (FIA) practice is pleased to submit the second edition of its Consumer Finance Enforcement Action Tracker. 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 Q2 2020 through Q3 2021 and the following:

  • Summary of current actions
  • Enforcement action trends quarter over quarter
  • State enforcement snapshot for Q2 and Q3 2021
  • Violation types cited and borrower restitution and penalties
  • Product types cited and total penalties
  • Regulatory trends
  • Spotlight on notable actions

This edition is inclusive of Consumer Financial Protection Bureau (CFPB) and five states (New York, Florida, Massachusetts, California, and Illinois) data. We will continue to expand this tracker to include other regulatory bodies and state actions with a specific focus on consumer finance. 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.

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Michael Canale

Managing Director

New York

John DelPonti

Managing Director

Washington, DC

Paul Noring

Managing Director

Washington, DC
VU

Vincent Urbancic

Managing Director

Washington, DC