April 20, 2018
Allen Denson publishes article in American Banker
On April 20, American Banker published Partner Allen Denson's article entitled, "Clock's ticking: White House should name a permanent CFPB director." Allen explained how the upcoming mid-term elections could affect President Trump's ability to install his choice of a new permanent director of the Consumer Financial Protection Bureau (CFPB).
Allen noted, "Since Mulvaney's tenure began on November 25, 2017, his term will expire on June 22, 2018. President Trump has not yet provided a nomination for a permanent leader of the CFPB, but if he does so before June 22, Mulvaney can continue to serve as acting director while the permanent director's nomination is pending. . . How a new permanent leader would treat Mulvaney's delayed rulemakings, pledges to shift enforcement focus and attempts to remake the agency are all open questions."
Allen assists clients in complying with federal consumer financial law and represents clients before the CFPB, FTC, DOJ, and other financial regulatory agencies.
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