Quyen Truong on California’s Proposed Mini-CFPB: National Impact and Enforcement Threat

March 22, 2020

In this Episode, I visit with Quyen Truong, a partner at Stroock & Stroock & Lavan in Washington DC. In this podcast we discuss the firm’s recent article on the national impact of this proposed mini-CFPB, part of a major California’s major push to dominate the consumer protection landscape; and the key aspects of the proposed agency expansion, particularly the top enforcement threats facing the industry. Some of the highlights include:
Some of the highlights include:

An overview of the California proposal to create a mini-Consumer Financial Protection Bureau in California.
What types of businesses does the proposal cover?
What will be the role of the California Dept. of Business Oversight?
What are the similarities with the federal law and CFPB?
Could this law be expanded to B2B companies?
Could this law serve as a model for other states?
With the Trump Administration’s recent rollback on CFPB enforcement, will states likely take up the slack?

For a copy of the article California’s Mini-CFPB: National Impact and Enforcement Threat, click here.