The article discusses the recent pause in enforcement activities at the Consumer Financial Protection Bureau (CFPB) initiated by new leadership, highlighting that such pauses are common during transitions of administration. Jeff Erlich, a former CFPB official, stated that new administrations usually review ongoing matters to determine their continuation. Legal expert Francis X. Riley underlined that although the CFPB's dissolution is improbable, the current administration could weaken its efficacy through limited actions and funding, affecting its operations significantly during this transition period.
Ehrlich emphasized that this pause is typical during administration changes, allowing new leaders to review open enforcement matters and decide their future.
Riley pointed out that while the CFPB can’t be dissolved easily, the Trump administration can weaken it through restricted activities and funding.
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