Now that President Obama has signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, the challenge is to implement the new law. American Banker reported on some of the more significant hurdles to that implementation―including building a consumer financial protection bureau. "The challenges are immense with respect to the new consumer protection bureau," Ballard Spahr's Alan S. Kaplinsky told the publication. "If it is someone like Elizabeth Warren, I would anticipate a very ambitious program to adopt new regulations under the new authority that Congress has given the director, namely, to proscribe unfair and deceptive or abusive practices. Those terms are so vague and so broad … that the new director essentially, with virtually no limitations at all, could decide that certain products or financial services are no longer offered to consumers."