Member Joann Needleman Quoted in Inside Mortgage Finance article “CFPB's 2020 Outlook: A Full Agenda Amid Uncertainty”
The Consumer Financial Protection Bureau (CFPB) agenda for the coming year is packed with regulatory changes amid uncertainty with an upcoming election and the Supreme Court set to decide the CFPB’s fate. Joann Needleman, member in the Philadelphia office and leader of the Consumer Financial Services Regulatory and Compliance group, served as the key attorney commentator for this article. Needleman noted that CFPB supervision and enforcement will continue to be active in the coming year. Although final rules for debt collection and payday lending are set to be published in 2020, Needleman cautions industry to pay attention to the upcoming elections. If there is a change in the White House or in the Senate expect efforts by the Democrats to use the Congressional Review Act “as often as Republicans have used it over the last several years.” Finally, Needleman complimented the CFPB Director’s, Kathleen Kraninger, leadership style as being “a more balanced, middle-of-the-road approach”.
Read Needleman’s full commentary and the full story here (subscription may be required).
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