CFPB Clearing Decks with Slew of Lawsuits as Cordray Battle Looms
Quotes from Troutman Sanders partner Ashley Taylor appeared in an American Banker article about the future of the Consumer Financial Protection Bureau. Of the potential forthcoming changes given the new administration, Ashley said, "The CFPB is going to be more aggressive in the short term because their future is uncertain. Agencies in transition often become more aggressive if the people who work there think their power will be curtailed." He also offered further insight on the potential transition of the CFPB, telling the reporter, “You want to effectuate change but you don't want to do so in a way that exhausts all your political capital on this one agency, or suck up all the energy and focus on this agency. So you balance the desire to impact change with the finite resource of money, time and political oxygen." The article was also republished in National Mortgage News and Asset Securitization Report.