News & Analysis as of

Office of Management and Budget Trump Administration Consumer Financial Protection Bureau (CFPB)

Foley & Lardner LLP

An Executive Branch for the People, by the People: What the New Administration’s Executive Orders Mean for an Independent CPSC

Foley & Lardner LLP on

While independent regulatory agencies, like the Consumer Product Safety Commission (CPSC or the Commission), have typically considered themselves exempt from executive orders, recent events indicate the CPSC is likely not...more

Orrick, Herrington & Sutcliffe LLP

Mark Calabria to be detailed to the CFPB as part of OMB

According to several published reports, Mark Calabria is expected to join OMB where he will be detailed to the CFPB until Jonathan McKernan is confirmed by the Senate. Calabria previously served as the director of FHFA under...more

Cozen O'Connor

Cozen Currents: Elon Everywhere All at Once

Cozen O'Connor on

“President Trump has given Elon Musk unprecedented power and room to run to remake the executive branch. But to the extent that Musk deviates from remaking it in Trump’s image, the former runs the risk of becoming more of a...more

Ballard Spahr LLP

Consumer Finance Monitor Podcast Episode: Will the State Attorneys General and Other State Agencies Fill the Void Left by the...

Ballard Spahr LLP on

Today’s podcast show is a repurposing of the second half of a webinar we produced on January 17, 2025. That webinar was Part 3 of our webinar series entitled “The Impact of the Election on the CFPB and Others.” In Part 3, we...more

Foley & Lardner LLP

New Consumer Financial Protection Bureau Acting Director Expands Freeze to All CFPB Activities; CFPB Office Closes

Foley & Lardner LLP on

We previously reported that Treasury Secretary Bessent was named as the acting director of the Consumer Financial Protection Bureau (CFPB), and he subsequently ordered the CFPB staff to halt several activities. However, the...more

Bradley Arant Boult Cummings LLP

Rohit Chopra Out, Scott Bessent In (Temporarily) at the CFPB

In a familiar move, President Donald Trump has designated the current head of another executive agency, this time newly sworn in Secretary of the Department of the Treasury Scott Bessent to simultaneously lead the Consumer...more

Cozen O'Connor

Cozen Currents: Disruption is a Process

Cozen O'Connor on

“President Trump is seen above all else as a disruptor hell-bent on upsetting the established ways of governing. However, even disruption itself has to follow a process in Washington.” — Howard Schweitzer, CEO, Cozen O’Connor...more

McGuireWoods Consulting

Congress: Week in Review

McGuireWoods Consulting on

The White House and Congress spent the early part of the week negotiating the parameters of an end of year spending package that would avert a partial government shutdown at midnight on Friday. The negotiations focused on the...more

Cozen O'Connor

The State AG Report Weekly Update June 2018 #3

Cozen O'Connor on

Breaking News- New York Federal Judge Declares Structure of Consumer Financial Protection Bureau Unconstitutional- The U.S. District Court for the Southern District of New York held in Consumer Financial Protection...more

Kilpatrick

Federal Judge, for Second Time, Rules in Favor of Trump Appointee to Lead the CFPB

Kilpatrick on

On January 10, United States District Judge Timothy Kelly, a Trump administration appointee, refused for the second time to block the Trump administration’s appointment of Office of Management and Budget (OMB) Director Mick...more

Faegre Drinker Biddle & Reath LLP

Round 1 of CFPB Leadership Controversy Goes to Mulvaney — Why Does It Matter?

An unusual controversy over the leadership of the Consumer Financial Protection Bureau (CFPB) erupted last week, the resolution of which has important ramifications for consumer financial services regulation. A federal...more

Clark Hill PLC

Window on Washington - This Week in the Nation's Capital - Vol. 1, Issue 24

Clark Hill PLC on

Hurricane Harvey Could be the Most Expensive Natural Disaster in US History: Republican House members from Texas and Louisiana are pressing congressional leaders and top Trump administration officials for immediate federal...more

Clark Hill PLC

Window on Washington - This Week in the Nation's Capital - Vol. 1, Issue 23

Clark Hill PLC on

CBO Confirms Size of Breach of Defense Cap for FY18 Bills: The House FY18 Omnibus Appropriations Bill scheduled to be taken up in September would bust the Defense cap by $72 billion. This would cause the Office of Management...more

Ballard Spahr LLP

CFPB covered by executive order on plan for reorganizing the executive branch

Ballard Spahr LLP on

President Trump has signed a new executive order entitled “Presidential Executive Order on a Comprehensive Plan for Reorganizing the Executive Branch.” Unlike the regulatory freeze memo issued on Inauguration Day by...more

Ballard Spahr LLP

House passes bill to subject CFPB rules to OIRA review

Ballard Spahr LLP on

On March 1,2017, by a vote of 241 to 104, the House passed the “OIRA Insight, Reform, and Accountability Act” (H.R. 1009), which would subject independent regulatory agencies such as the CFPB to the regulatory review process...more

Ballard Spahr LLP

Trump nominee to head OMB could create roadblock for CFPB regulations

Ballard Spahr LLP on

It has been reported that President-elect Donald Trump has nominated South Carolina Republican Congressman Mick Mulvaney to be Director of the Office of Management and Budget (OMB). Mr. Mulvaney has been described as a...more

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