When it comes to pushing the envelope, Mick Mulvaney made it crystal clear in a recent memo to staffers that the Consumer Financial Protection Bureau (CFPB) is done with that approach. But that doesn’t mean other players in the industry won’t take a stab at testing boundaries in their own way.
Akerman Partner Kathleen Ryan told Dodd Frank Update she sees the potential for some upside and some downside to the bureau’s new approach.
Let’s consider some of the possible implications the bureau’s new approach could mean for the industry and consumers.