- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Friend has turned foe as the Justice Department, under the Trump Administration, has reversed course and is now arguing that the CFPB is unconstitutional.
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Past efforts to dismantle the CFPB have not accomplished much, but fresh legal challenges and legislation might spell trouble for the much-criticized government office.
During a panel at Compliance Week’s Financial Crimes and Regulatory Compliance Summit, held June 10-11 in New York, experts discussed nuances in bank-financial technology partnerships, offering best practices for how banks should protect themselves.
The Consumer Financial Protection Bureau passed a new rule requiring nonbank financial companies to register consumer protection orders filed against them by other federal agencies, courts, or states.
