Consumer chief imposed $2.6 billion in regs before court ruling

The head of the Consumer Financial Protection Bureau oversaw the implementation of new regulations creating $2.6 billion in regulatory costs and more than 8 million paperwork hours before last week’s federal court decision finding that his broad powers were unconstitutional, according to a new analysis released Tuesday.

The American Action Forum, a right-of-center Washington research group, calculated the numbers based on the Bureau’s own documents, providing a talking point for conservative critics of the consumer agency.