Consumer Financial Protection Bureau

The Large Bank Protection Act

Raising the CFPB’s Enforcement and Supervision Asset Threshold Would Place American Consumers at Risk

Congress is currently considering raising the total asset threshold for Consumer Financial Protection Bureau (CFPB) supervision and enforcement of banks from $10 billion to $50 billion. This report analyzes the effect of this change on the number of banks subject to CFPB oversight. Furthermore, this report looks at the CFPB’s enforcement track record in cases against banks within the $10-to-$50-billion-range, and highlights examples of enforcement actions previously taken by the CFPB that would have been impossible if the asset threshold were set at $50 billion under the original Dodd-Frank Act.

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