the cfpb was created as a result of the subsequent great recession.
the cfpb was created as a result of the subsequent great recession.
the cfpb was created as a result of?
the subsequent great recession
the cfpb's creation was authorized by the dodd–frank wall street reform and consumer protection act, whose passage in 2010 was a legislative response to the financial crisis of 2007–08 and the subsequent great recession. the cfpb's status as an independent agency has been challenged in court but was upheld by united states court of appeals for the district of columbia circuit sitting en banc.









































on june 16, 2018, president donald trump selected kathleen kraninger, a white house budget official, as the nominee to be the next director of the cfpb.









































section::::role.
consumer financial protection bureau
since 2011, konop has worked at the cfpb and currently serves as senior litigation counsel in the office of enforcememt at the bureau. at the cfpb, konop was lead counsel on cfpb vs. bridgepoint, in which the bureau took action against bridgepoint education, inc., a for-profit college chain for “deceiving students into taking out private student loans that cost more than advertised.” bridgepoint paid a penalty of $8 million to the cfpb and forgave and refunded loans to students totaling $23.5 million. in addition, konop is lead counsel on cfpb vs. rd legal in which the cfpb and the new york attorney general filed a lawsuit against rd for allegedly scamming 9/11 ground zero first responders and national football league concussion victims out of money intended to cover their medical costs. konop served as lead bureau counsel in cfpb vs. village capital, a lawsuit against a mortgage lender accused of deceiving military veterans into refinancing their mortgages that resulted in a $260,000 fine and full restitution to all veterans who were victims of the deception, and cfpb vs. top notch in which the cfpb alleged that the defendants offered deceptive loans to injured former nfl players, victims of the deepwater horizon oil spill, and 9/11 first responders. that case resulted in a civil money penalty and lifetime industry bans for the defendants . in addition, konop was lead counsel on cfpb v. sancho and worked on cfpb vs. corinthian colleges and cfpb vs. genuine title. konop also represented the bureau in a federal court contempt proceeding against mortgage broker gary klopp which resulted in a $525,000 disgorgement order by the court related to violations of a settlement agreement in a mortgage kickback scheme.
ben konop