Consumer protection initiatives are expected to be a major area of focus for President-elect Joe Biden, who is widely anticipated to breathe new life into the enforcement priorities of federal and state agencies with such powers.

“[The CFPB] is a very big dog, and by all indications it’s about to get a much longer leash. This agency is about to become more robust in terms of its supervisory agenda and its enforcement agenda.”

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...