CFPB Director’s Resignation: National Law Journal Quotes Dorsey Partner

The National Law Journal quoted Jenny Lee, partner at Dorsey & Whitney, in an article entitled, “What Lawyers Are Saying About Richard Cordray’s CFPB Departure Plans.” Cordray’s resignation was announced internally to senior staff at the CFPB earlier this month, and publicly reported earlier this week.

The article addressed the CFPB’s accomplishments and the bureau’s future.

Lee explained that Director Cordray, as the CFPB’s first director, maximized the opportunity to effectuate change and left a lasting legacy for the bureau’s culture. Whether in enforcement or rulemaking initiatives, the bureau’s future, according to Lee, will include evolving, aggressive policy positions because of the ethos that senior leadership embedded in the CFPB’s DNA at its creation.


Jeremy Schlosser

Jeremy Schlosser

An associate in Dorsey’s Trial Group, Jeremy’s practice focuses on commercial and banking litigation, as well as regulatory compliance involving the Bank Secrecy Act, the Foreign Corrupt Practices Act, and matters involving the Consumer Financial Protection Bureau. Jeremy’s clients have included both Chinese entities and American entities with operations in Mainland China and Taiwan. He is fluent in written Chinese and in spoken Mandarin

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