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Trump and Cordray Are 'Two Bulls Circling Each Other,' GOP Lawmaker Says

June 21, 2017 , The National Law Journal

John Dugan is quoted by The National Law Journal in an article regarding the future of the CFPB and the agency's director, Richard Cordray, under President Trump. Commenting on a report published by the Treasury Department offering recommendations for financial regulation reform, Dugan states that the report could help the legislative prospects of reforms to the Dodd-Frank Act. “The question is really what can get through the Senate and get the 60 votes that’s necessary to do this."

“The report is creating a narrative that says it’s OK to make some changes, that we’re not necessarily trying to throw the baby out with the bathwater,” he adds. “It makes it more possible for people to say we can make this change without being just horrendously criticized by constituents for being soft on the banking industry or what have you.”

 

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