The Consumer Financial Protection Bureau (CFPB) is going to allocate half its budget to supervision and enforcement of consumer protection laws with a strong emphasis on non-bank lenders.  "We can't enforce the law only against banks that are the easiest to find," said Elizabeth Warren, the leader of Treasury Department's CFPB implementation team. "Instead, we will build a strong enforcement arm that will for the first time ever put significant federal resources behind ensuring compliance by non-bank financial companies."

Warren made her comments during a speech to the Independent Community Bankers of America who were holding their national convention in San Diego.

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