An editor of the conservative news website Townhall has made the claim that the Consumer Financial Protection Bureau "passed a rule giving the agency unprecedented power to shut down businesses, no matter what the reason, at any time it wishes," through a cease-and-desist order. The editor, Katie Pavlich, is also a contributor to Fox News.

Ballard Spahr partner Christopher J. Willis, who represents financial institutions subject to the rule Ms. Pavlich references, said, "It's not like a blank check to put somebody out of business. It's supposed to be tied to stopping someone from violating the law." Mr. Willis explained that when the CFPB thinks a business has broken the law, the Bureau can file suit, pursue administrative proceedings, or do a cease-and-desist order, which is to cease violating the law—not stop existing.

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