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Manatt Adds Leading CFPB Regulator to Growing National Financial Services Group

Former CFPB Associate Director Bryan Schneider brings unparalleled regulatory experience to the firm’s expanding hybridized financial services group

Get Ready to Duck and Cover

A more “aggressive” CFPB is not just something that compliance professionals are warning about – it is a term that the Consumer Financial Protection Bureau has started to use on a regular basis to describe its own actions. If that wasn’t enough of a red flag that regulators are ramping up, states are creating their own mini-CFPBs to become the enforcers for local consumers’ rights.

Michael Hsu named acting OCC head

By Aaron Nicodemus2021-05-07T15:49:00+01:00 U.S. Treasury Secretary Janet Yellen appointed Michael Hsu, currently a regulator at the Federal Reserve, to the role of acting comptroller of the currency. Hsu’s official title at the Office of the Comptroller of the Currency (OCC) will be first deputy comptroller, but Yellen said Friday in her announcement that he will also serve as acting comptroller, effective Monday. “Mike has devoted his career to the stability and supervision of America’s banking system. He is among the most talented and principled regulatory officials that I have had the pleasure of working with, and I am confident he will execute this role with integrity and efficiency,” Yellen said.

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