Published Article

McGlinchey Consumer Finance Attorneys Coauthor Article on How Trump Executive Orders May Affect CFPB

March 17, 2020

Anthony Rollo (Baton Rouge) and Brian Fink (Washington, DC) provide expert analysis on how certain Trump Executive Orders may affect the financial services industry in an article they co-authored in Westlaw.

The article analyzes Exec. Orders No. 13891 and No. 13892 which appear to limit the Consumer Finance Protection Bureau and other agencies’ ability to use existing guidance or, in many cases, to create new guidance absent APA- like notice and comment processes.

Anthony and Brian note that practitioners and commentators are only beginning to discern the full meaning of these orders. The potentially profound ramifications on the financial services industry remain unclear, but the orders seem to be beneficial to the industry, providing possible new defenses to agency action.

Read the full article here: “New Limits on Agency Guidance: What Recent Trump Executives Orders Mean for Financial Industry.”