• The Consumer Financial Protection Bureau Completes Its First Six Months — But Questions About Its Future Remain
  • February 16, 2012 | Author: Stephen A. Fogdall
  • Law Firm: Schnader Harrison Segal & Lewis LLP - Washington Office
  • On January 31, 2012, the Consumer Financial Protection Bureau (“CFPB”) released its first Semi-Annual Report, marking the completion of its first six months of existence. The release of the report coincided with the appearance of the CFPB Director, Richard Cordray, before the Senate Committee on Banking, Housing and Urban Affairs. Despite the optimistic tone of both the CFPB’s Semi-Annual Report and Mr. Cordray’s remarks before the Committee, there are a number of questions about the CFPB’s future that have yet to be answered.