Clark Hill Member Joann Needleman Quoted in Bigger Law Firm, “Fed’s Consumer Protection Agency Sheds Outside Advisory Boards,” June 2018
Philadelphia, PA- Attorney Joann Needleman was quoted in Bigger Law Firm in the article, “Fed’s Consumer Protection Agency Sheds Outside Advisory Boards.” The article discusses Mick Mulvaney’s, CFPB Acting Director, recent letter to the Consumer Advisory Board (CAB) informing them that their services were no longer required.
Mulvaney’s action to forgo the CAB is a strong comparison to the pro-consumer views that embodied the policies of Richard Cordray, former Director of the Consumer Financial Protection Board.
Joann Needleman stated, “In the past 6 months, many CAB members had disagreements with certain Bureau activities much like I did during my tenure, but I was never asked to leave. Advisory Boards cannot and should not be a rubber stamp for if they were they serve no purpose.”
To view the article, 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.