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The Rocky Road Ahead for the CFPB in 2017

December 28, 2016 , American Banker

Ethan Levisohn is quoted in American Banker regarding the potential restructuring of the Consumer Financial Protection Bureau under President-elect Trump and the new Congress. Ethan comments on the PHH Corp. v. CFPB case, which in October found that the CFPB’s single-director structure is unconstitutional. According to Levisohn, PHH may have clipped the bureau's efforts to regulate through enforcement actions.

“This does constrain the bureau in some ways," Levisohn said during an American Bar Association web seminar. "They are now much more sensitive to all that prior guidance. It will create a little bit of circumspection on the bureau's part."

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