Clark Hill Member Joann Needleman Quoted in Philadelphia Business Journal, “CFPB leadership squabble has finserv companies asking: Now what?” November 2017
Philadelphia, PA – Joann Needleman, Leader of Clark Hill’s Consumer Financial Services Regulatory & Compliance Practice Group, was quoted by the Philadelphia Business Journal in an article relating to the resignation of Richard Cordray, former Director of the Consumer Financial Protection Bureau, and who now has the power to appoint his successor, Cordray or President Trump.
Needleman respectfully stated, “I was disappointed that he used this political stunt to create a succession plan. There could have been a well-reasoned way to transition but this wasn’t it. I think the Bureau has lost credibility because of this. Whether you like this president or not, he has the right to appoint leaders of agencies within the executive branch. It’s the same as if the secretary of state resigned.” For more information, click here.
Joann Needleman serves as a navigator to her clients seeking advice and guidance in the complex regulatory environment facing the financial services industry. She provides counsel, consultation and litigation services to a wide array of financial institutions, law firms, credit reporting agencies and debt buyers throughout the country. A former member of the Consumer Financial Protection Bureau’s (CFPB) Consumer Advisory Board, Joann has been able to provide her clients with useful strategies in order to prepare for new areas of regulatory scrutiny.
Clark Hill is a multidisciplinary, national law firm that draws on our attorneys’ comprehensive industry and policy knowledge, our deeply held shared values, and a global network of premier firms and advisors to provide innovative legal solutions and client-service excellence worldwide. With more than 450 attorneys and professionals based in 16 offices across the United States and in Dublin, we are a committed partner to a diverse range of businesses, public entities, and individuals. Our investment in new service lines — including human resources outsourcing, information governance, process consulting, and public affairs — further reinforces our ability to provide coordinated legal, regulatory, and political strategies that achieve business success.