Stationary. Really NY Times?

Well, think of the programing hours necessary for every bank form in the nation that refers to the CFPB.

In an advanced banking course in the late '70s, the instructor (a veteran bank executive) told us that as an individual investor it was his practice to automatically short the stock of any large bank that built a big new headquarters building or relocated because bankers always underestimate (among other things) the cost of dumping and replacing stationery and forms. In the '70s, of course, almost everything was on paper. As Randy observes, reprogramming in the wake of any kind of identity change is the modern equivalent to dumping paper.

Other articles said the change could cost the agency between $9 and $19 million and up to $300 million industry wide. https://www.americanbanker.com/news/bcfp-no-more-kraninger-scraps-plan-to-rebrand-cfpb

So they are keeping the initials but following the correct name which does not follow the name?

I just hope that they do not open a bank account under the incorrect name. I would require the formation documents.

Or an assumed name certificate in my state.

I love the picture caption. "Renamed the Bureau of Consumer Financial Protection..." I've read the Dodd-Frank Act and I'm pretty sure it was Congress that named the agency the Bureau of Consumer Financial Protection.