CFPB Under Biden Will Likely Get New Director, New Direction
Ashley Taylor, Jr., a partner in Troutman Pepper's White Collar Litigation & Investigations Practice Group, was quoted in the November 9, 2020 Compliance Week article, " CFPB Under Biden Will Likely Get New Director, New Direction."
Ashley Taylor, partner with the firm Troutman Pepper in Richmond, Va., said the CFPB's enforcement actions under Kraninger have targeted firms "that have clearly crossed the line and engaged in egregious behaviors." When companies are close to the line but not over it, the CFPB has proven more willing under Kraninger to offer guidance instead of punishment, he said.