It has been a tumultuous few days for the Consumer Financial Protection Bureau (CFPB), with dueling acting directors and emergency hearings. But while Office of Management and Budget (OMB) Director Mick Mulvaney is now officially the acting director of the CFPB—at least as of this writing—the story does not end there. Many questions remain to be answered regarding the legal framework governing the CFPB’s leadership structure, the future of the CFPB under a permanent director nominated by President Donald Trump, and the prospects for federal and state regulation of consumer financial matters. Continue Reading While CFPB Leadership Fight Continues, Broader Questions Remain About Future of Consumer Financial Regulation
Brenna McGee is an associate in the Austin, Texas office of Dykema. She focuses her practice on financial services, financial technology (FinTech), and regulatory and compliance matters, advising financial institutions and alternative and emerging payment providers and FinTech companies on regulatory and compliance matters, product design and development, and commercial transactions.