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November 19, 2024

Emma Marsano

Blog Post Corporate CrackdownDepartment of Justice

The Biden Administration Completely Failed to Address Corporate Crime. Can We Blame Voters for Noticing?

As the Democratic Party apparatus’s post-election reflections continue this week, they would do well to consider this basic question: Was it smart to run a campaign hinging on your opponent’s blatant corruption and white-collar criminal status, despite the failure of the Biden administration to take tangible steps to address the harms perpetrated by corporations and the wealthy during their time in office?

October 30, 2024

Will Royce

Blog Post Corporate Crackdown

Corporate Crackdown Successes: The CFPB’s Revival of Robust Consumer Protection

Under Director Rohit Chopra, the Consumer Financial Protection Bureau has facilitated a resurgence in consumer relief won through enforcement actions relative to the Trump years, which were marked by lax enforcement (see the chart below from the CFPB). This increase in relief came amidst industry-driven challenges to the agency’s constitutionality. The case stifled some potential action, but the agency’s enforcement actions have rebounded since the Supreme Court rejected the challenges to its existence.