New Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger was confirmed by the US Senate on December 6, 2018, and both industry and consumer advocates are eager to see what direction she will set for the agency. In her first few months on the job, Director Kraninger has offered an olive branch by reversing acting director Mick Mulvaney’s name change and going on a listening tour, but she has also followed through on Mulvaney’s plan to initiate the rescission of the payday rule. Please join Mayer Brown partners Ori Lev and Stephanie Robinson on March 21 for a quarterly update on the CFPB, which will cover Kraninger’s first three months as director, including:
- Personnel developments beyond Kraninger’s confirmation
- Enforcement actions and litigation
- Regulatory developments
- The state of play on the Hill
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.