How the CFPB Plans to Scale Back Its Regulatory Mission

Consumer Reports spoke to Alan Kaplinsky of Ballard Spahr’s Consumer Financial Services Group about regulatory enforcement at the CFPB and what that might mean for the financial services industry.

"The changes are necessary because there’s an enormous cost with the regulations and the other initiatives that Cordray was involved with in the last five or six years, and that was costing a lot of money for our clients and making it difficult in terms of compliance," Mr. Kaplinsky said.

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