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Consumer Protection Law

Feb. 27, 2025

Regulatory reset: Trump administration's efforts to reshape the CFPB

Companies celebrating a potential regulatory retreat from the CFPB should beware: state regulators could step into the void, private litigation risks remain high and today's compliance shortcuts could become tomorrow's costly fixes.

A.J. Dhaliwal

Partner, Sheppard, Mullin, Richter &amp

AJ is special counsel in the firm's Finance and Bankruptcy Practice Group.

Mehul Madia

Special Counsel, Sheppard, Mullin, Richter & Hampton LLP

Maxwell Earp-Thomas

Associate, Sheppard Mullin

The New York Times

The Trump administration has taken steps to curb the powers of the Consumer Financial Protection Bureau (CFPB), the federal consumer finance watchdog created in response to the 2008 financial crisis. While the long-term effects of these policy changes remain uncertain, their short-term impact on the Bureau's core activities--supervision, enforcement, and rulemak...

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