Dorsey Partner Quoted in Bloomberg BNA Article, “Trump CFPB Seen as Shifting to By-the-Book Supervision”

Dorsey partner Jenny Lee was quoted today in a Bloomberg BNA article examining the Consumer Financial Protection Bureau’s evolving approach to supervision under acting Director Mick Mulvaney. While the focus of the Bureau’s supervisory efforts seems to have shifted from firms’ potential abusive practices to technical violations of law,  Ms. Lee observed that the examination process itself has not exhibited any apparent change: “I understand that [the exams] are continuing full-force. Even now, as we speak, I understand that [matters requiring attention, or “MRAs”] are being issued and examinations are ongoing.” The article is available here.

 

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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