Watchdog head: Fines could not cease unhealthy conduct by corporations
NEW YORK (AP) — The top of the nation’s monetary watchdog is having second ideas about how helpful fines are in deterring unlawful conduct within the monetary business, saying some corporations have gotten so large that the cash makes little distinction.
In an interview with The Related Press, Rohit Chopra signaled that the Shopper Monetary Safety Bureau plans to deploy an array of instruments that might restrict the flexibility of a financial institution or monetary agency to conduct enterprise in the event that they violate the legislation.
In lower than a 12 months on the helm of the CFPB,
