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Navigating CFPB Transformations: Leadership Changes and Workforce Reductions
Manage episode 468831373 series 3447925
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Join ACUMA President Peter Benjamin as he is joined by Zach Pfister, Policy Director at Brownstein Hyatt Farber Schreck. Together, they will discuss navigating complex shifts within the Consumer Financial Protection Bureau (CFPB) with insights. Have you ever wondered how the changing leadership at a major regulatory agency could ripple through the financial sector? With a wave of terminations, an operational freeze, and no budget request from the Federal Reserve, could we witness a strategic downsizing of the CFPB? As Jonathan McKernan is expected to step in as the new permanent director, our discussion probes the potential future landscape of consumer protection and credit union mortgage activities amidst these changes.
What does this mean for agencies like the CFPB and HUD in an era of federal workforce reductions? Zach helps us dissect the impact of these staff cuts and the resulting uncertainty for the business community, especially as communication with regulators diminishes. We explore the mixed reactions to a recent federal buyout offer and what these developments spell for maintaining compliance and agency functions. With the overarching goal of budget savings, we provide a roadmap of the challenges ahead and the possible reshaping of federal agency roles and responsibilities. Tune in for a meticulous examination of these pivotal developments.
Chapters
1. CFPB Policy Changes and Acting Directors (00:00:00)
2. Impact of Federal Workforce Reductions (00:15:23)
87 episodes
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