Unable to use the embedded player? Listen here.
Wallstreet isn’t the only one worried about a revived CFPB
“Banks should be prepared for more aggressive enforcement and an expansion of the CFPB’s authority through its rulemakings,” said Rachel Rodman, a former CFPB lawyer who now represents banks as a partner at Cadwalader, Wickersham & Taft LLP in Washington. She expects the agency to be “more likely to bring an enforcement action, pursue novel legal theories and more likely to demand higher penalties.”
.
Other Stories:
-
Biden has chosen our future Secretary of Housing and Urban Development
-
Here’s how a reverse mortgage can help high-net-worth clients
