Jonathan Pompan was quoted in an article in Law360 on November 29, 2017, about the impact on the Consumer Financial Protection Bureau if the Office of Management and Budget Director, Mick Mulvaney, takes on the role of acting director at CFPB. According to the article, the attention has turned to what Mulvaney can do in his likely limited time atop the federal watchdog.
"As acting director, Mulvaney could alter the CFPB's enforcement and regulatory policies and take other steps to reshape the bureau despite splitting his time between two agencies. All of those changes could have a major impact on the way the CFPB operates even if Mulvaney's time is short," said Pompan. "The acting director does have a tremendous amount of ability to influence the current and long-term agenda at the bureau," he said.
"As acting director, Mulvaney could alter the CFPB's enforcement and regulatory policies and take other steps to reshape the bureau despite splitting his time between two agencies. All of those changes could have a major impact on the way the CFPB operates even if Mulvaney's time is short," said Pompan. "The acting director does have a tremendous amount of ability to influence the current and long-term agenda at the bureau," he said.