Benjamin K. Olson Quoted in Law.com Article, “Who’s Leading the CFPB?”
Law.comBenjamin K. Olson
Benjamin K. Olson was quoted on November 29, 2017 in a Law.com article, “Who’s Leading the CFPB?” which discussed the leadership changes at the CFPB and what that means for in-house counsel.
Olson noted, “The challenge for in-house counsel will be advising the business on how to balance middle-term and long-term risk once the CFPB is firmly in the hands of a Trump administration appointee. In areas where the tension between compliance and competition is the highest … some in-house counsel are already struggling with a perception within their organizations that, following the election, the old rules went away. While it is reasonable to expect some amount of deregulation from the CFPB over the next few years, that will be a slow process and, until the rules change, state regulators, private lawsuits, and the expectations of business partners are still concerns.”
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