Chris Willis, a partner and co-leader of Troutman Pepper’s Consumer Financial Services Regulatory Practice Group, was quoted in the September 29, 2022 S&P Global Market Intelligence article, “Lawsuit Against Bank Watchdog Signals Increasing Pushback Against the Agency.”

This is the product of the industry’s view that the CFPB is being very highly aggressive. This is a pattern that is developing.

There is going to be a significant fight as to whether they have standing to challenge the CFPB action. The court may say, ‘There’s no standing to sue because nobody has been injured.’

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