The director of the federal Consumer Financial Protection Bureau said the agency created under the 2010 Wall Street reform law has initiated a number of investigations, including probes of large banks.
“We … have an active enforcement division that is looking carefully at many things. They have investigations ongoing,” said Richard Cordray, the CFPB’s first director who was appointed by President Obama in January.
Cordray, speaking on C-SPAN’s “Newsmakers” program airing this weekend, said that he can’t talk about specifics of ongoing law enforcement activity. But Cordray noted the probes involve a wide range of financial institutions.