In a byline article in The Review of Banking & Financial Services, Goodwin partner Tony Alexis and associate Levi Swank report that the Consumer Financial Protection Bureau (CFPB) has devoted significant resources to reviewing the compliance management systems (CMS) of financial institutions, and has noted that a robust and effective system is a critical component of a well-run financial institution. After discussing the statutory background of CFPB enforcement, Alexis and Swank set out the characteristics and benefits of a strong CMS program. Read the article here.