Andrew Glass, a partner at the law firm of Nixon Peabody, said he believes the bureau took some time when it put its activities on pause near the beginning of the Trump administration to “think about the scope of the institutions that it wanted to examine.”
A CFPB official at a recent industry conference said the bureau is set to resume examinations within weeks. In April, the bureau said it would shift its supervision activities to depository institutions.
The National Treasury Employees Union argued that if the decision of a three-judge panel is allowed to stand, the CFPB will be eliminated, and the impact will not be limited to the bureau.
The Conference of State Bank Supervisors is working on building common standard examination programs for the states to use as federal enforcement activity diminishes.