The Consumer Financial Protection Bureau (CFPB) has been a political lightning rod since its creation by the Dodd-Frank Act of 2010. With the new Administration, the expiration of CFPB Director Richard Cordray’s term in less than a year (and speculation about his early departure to run for governor of Ohio) and challenges to the constitutionality of the agency’s structure pending in two courts of appeal, these are uncertain times for the CFPB. But the agency has pushed ahead with its enforcement agenda since the election, and numerous court decisions have started to shape the scope of the CFPB’s enforcement authority.

Please join Mayer Brown lawyers Ori Lev and Stephanie Robinson as they discuss:

  • The political outlook for the CFPB, including Director Cordray’s eventual departure and the status of constitutional challenges
  • Recent CFPB setbacks in enforcement litigation, including dismissed cases and claims
  • The CFPB’s first no-action letter
  • Other recent developments

For additional information, please contact GFMI@mayerbrown.com.

Mayer Brown’s Global Financial Markets Initiative helps clients deal with the legal and business challenges resulting from the ongoing turbulence in worldwide financial markets. By mobilizing the firm’s global resources from multiple practices and offices, the initiative provides clients with knowledgeable and timely counsel on a broad spectrum of their legal needs.

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