What Changes Are Ahead for the CFPB?
The CFPB's "rulemaking by enforcement" is a practice that has not been loved by the banking industry and is likely to receive some attention. In addition, it is expected that the single director structure is likely to be replaced with a bipartisan, five-member commission. Also look for the agency to undergo the more typical appropriations process, rather than its current process of funding via transfers from the Federal Reserve. [11/11/16]


