Dem AG Gains May Spur State Financial Services Action

Jean Veta is quoted in Law360 regarding state Attorney General election results and the impact on investigations and enforcement activity on banks. Ms. Veta says, “While banks may feel some effects of the blue wave, I don’t look for banks to be swamped by that wave.”

But in the current strong economic environment, she said she doesn’t see comparable scope for such an issue to propel a coalition. She adds, “While there’s a risk there, I think it would take some work for those kinds of coalitions to gain traction. I think it’s conceivable that we’ll see some coalitions forming around various consumer protection issues, but I think most banks do pretty well on that score now.”