Private equity firms that invest in the consumer finance space (or want to) should take note that another regulator in Washington is looking to add itself to the alphabet soup of federal agencies that flex their muscles against the private equity industry. In the year since the Consumer Financial Protection Bureau (CFPB) has been under Director Rohit Chopra's leadership, the agency has fired warning shots at the private equity firms that provide the capital and strategic leadership to companies that offer financial products and services to consumers.
Those warning shots include the "naming-and-shaming" of private equity firms invested in companies against which the Bureau has taken public enforcement actions.
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Originally published in American Investment Council
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