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January 30, 2018
Greg Hesse speaks with PaymentsCompliance about the recent administrative changes to the Consumer Financial Protection Bureau made by director Mick Mulvaney. Greg explains the impact on the bureau’s significant changes for financial firms, which come in a new approach to enforcement, “My thought would be that there would not be a push to roll back final rules that have already gone into place.” He says, “Rather, they will just maintain the existing rules, because businesses either know how to deal with them or are well on the way to knowing how to deal with them.”
Read In Depth: Are The CFPB’s Days Numbered?, PaymentsCompliance, January 30, 2018. (Subscription)