In the Headlines
January 29, 2025
CFPB Passes Responsibility for Enforcement to States
Vixio
Financial Services attorney Eamonn Moran was quoted in a Vixio article discussing the evolving enforcement responsibilities at the U.S. Consumer Financial Protection Bureau (CFPB). Amid leadership uncertainties, the agency is shifting focus toward state-level regulatory actions, recommending states to take a more active role in consumer protection. This transition reflects broader changes in the regulatory landscape and the federal government’s approach under the new administration's priorities. Mr. Moran speculated that the continuity in leadership might indicate a shift in focus away from financial regulation.
"It's somewhat surprising that the current director remains in office, but perhaps that signals that banking and financial services are not top priority for Trump 2.0," he said.
READ: CFPB Passes Responsibility for Enforcement to States (Subscription required)
"It's somewhat surprising that the current director remains in office, but perhaps that signals that banking and financial services are not top priority for Trump 2.0," he said.
READ: CFPB Passes Responsibility for Enforcement to States (Subscription required)