By Greg Hazley
The Consumer Financial Protection Bureau, the year-old federal regulator led by Richard Cordray, is working with Fleishman-Hillard.
The Omnicom firm is handling project work for the CFPB, which is a key piece of the 2010 Dodd-Frank Act overhauling the nation’s financial sector.
The CFPB brought its first enforcement action in July, a $210M move against Capitol One for pushing customers to buy credit card products. It has since cracked down on American Express and Discover on behalf of consumers.
Last month, the CFPB said will add debt collectors to its oversight, starting in January.
The CFPB’s architect, Elizabeth Warren, was elected to the U.S. Senate from Massachusetts this month.
Raj Date, the No. 2 official at the fed agency whose Wall Street resume helped quiet fierce opposition from the financial sector, announced his exit this week, effective Jan. 31, following the CFPB’s release of mortgage rules mandated by Congress. |