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.