- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
With President Trump likely to sign away the CFPB’s ban on mandatory arbitration clauses, Director Richard Cordray has lobbed the political equivalent of a Hail Mary pass: a direct, personal letter seeking reconsideration.
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SEC Chairman Jay Clayton has floated the idea of mandatory shareholder arbitration, raising issues about agency enforcement and investor protection.
Data brokers have been getting away with selling Americans’ personal and financial data without adequate protections, an illegal practice that a new rule proposed by the Consumer Financial Protection Bureau will intend to stop, CFPB Director Rohit Chopra said.
Big Tech digital payment apps will be subjected to increased oversight and requirements–similar to that of banks and credit unions–under a finalized rule by the Consumer Financial Protection Bureau.
