Prentiss Cox '90
Professor of Law
Co-Director of Law Clinics

Prof. Cox Quoted in MarketWatch on Recent CFPB Settlement and Potential Implications for Future Enforcement Modeling

Professor Prentiss Cox was quoted in a MarketWatch article reporting on recent settlements made by the Consumer Financial Protection Bureau with companies and people accused of illegally charging student-loan borrowers fees to help them manage their loans, as well as what these settlements might mean for future CFPB enforcement modeling. The suspended penalty approach is typical in some types of Federal Trade Commission enforcement actions, said Cox. These deals at the CFPB are a signal to Cox that the agency continues to move toward an enforcement model more similar to the FTC’s.