The CFPB Under New Leadership: What Has Changed?
In this episode, Alan Kaplinsky and Chris Willis discuss how the CFPB has changed under Acting Director Mick Mulvaney’s leadership and offer their predictions for future developments. What effect has Mr. Mulvaney had on day-to-day supervision and enforcement efforts, and how do the CFPB’s public statements line up with its actual practices? We will examine the Bureau’s current approach to UDAAP violations and military lending and discuss the volume and nature of current enforcement activity. Alan and Chris will report on the status of rulemaking initiatives and share their expectations for future rulemaking, particularly the Bureau’s payday lending and debt collection rules. We’ll end the podcast by sharing our observations on the current state of compliance and its effect on decision-making by consumer financial services providers.
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