This website uses cookies. By using this website, you agree to our Cookie Policy.
February 11, 2025
Partner Mercedes Kelley Tunstall spoke with Bloomberg Law about the effect that the dismantling of the Consumer Financial Protection Bureau would have on companies and consumers in an article, "‘Sugar High’ of Hobbled CFPB Could Crash Into Industry Confusion," published on February 11.
The CFPB’s supervision, enforcement, rulemaking, and other operations are currently on hold under the new presidential administration. Industry experts are concerned about the chaos and uncertainty likely to be felt in the markets without the CFPB's influence. Companies that want to follow the law may also be at a competitive disadvantage to those that don’t.
“Without the CFPB being the big bad wolf out there, those companies could cause a great deal of harm in a very short period of time to consumers,” said Mercedes.
Read the full article here (subscription required).
