I think the confusion between our points is that the GP was referring to the “govt” and not “CFPB”. The govt is a bigger umbrella that contains regulators, but

I think the confusion between our points is that the GP was referring to the “govt” and not “CFPB”. The govt is a bigger umbrella that contains regulators, but that isn’t mutually exclusive with pointing out the CFPB can’t regulate. Beyond that, the govt is a service organization. Those services run the gamut from physical security, to regulation, to providing information.