January 06, 2012

John Beaty quoted in American Banker on CFPB’s aggressive agenda

1 min

Venable partner John Beaty was quoted in the January 6, 2012 issue of American Banker on the aggressive agenda of new Consumer Financial Protection Bureau (CFPB) director Richard Cordray.

Commenting on Cordray’s plans to move quickly to establish the CFPB’s standing, Beaty said, “If you go slow, there’s some risk that everything you do might be unwound…And if you go fast, you put some pressure on the courts because they, in deciding to unwind everything, recognize that there’s going to be severe damage to the regulatory structure that’s been created in the interim.”