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CFPB Deputy Director Mark Paoletta Delivers Sharp Rebuke Of Chopra-Era Approach To Financial Literacy
The Consumer Financial Protection Bureau under Acting Director Russell Vought has signaled a dramatic philosophical shift in its approach to consumer protection, with Deputy Director Mark Paoletta sharply criticizing the enforcement-focused priorities of former Director Rohit Chopra. The Bureau now emphasizes financial education as a preventive measure, arguing that informed consumers are better equipped to make sound decisions and avoid fraud, while characterizing the previous administration's approach as

Ballard Spahr LLP
