The CFPB has published a general policy statement clarifying its position on criminally liable regulatory offenses. The statement comes in accordance with President Trump’s EO 14294 published on May 9, which directed agencies to combat the “overcriminalization” present in federal regulations, highlighting “strict liability” criminal regulatory offenses that do not
CFPB unveils future plans for criminally liable offenses
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The move corresponds to the Trump administration’s efforts to scale back criminal enforcement across agencies.