Sectors
Foley & Lardner LLP partner Christi Lawson commented on changes at the Consumer Finance Protection Bureau (CFPB) in Banking Dive, sharing insight on the potential direction the bureau will take under the new administration.
Lawson said she expects the CFPB to take “a more deliberate enforcement” approach under President Trump, noting that the bureau will likely focus on specific bad acts rather than pursue efforts intended to rein in larger players.
She added that a string of lawsuits recently dismissed by the CFPB were “seen as overly broad by the industry.”
