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Ben Olson Quoted in American Banker Article, "CFPB's Precarious Future Under Trump"

Benjamin K. Olson

Benjamin K. Olson was quoted on November 9, 2016 in an American Banker article regarding the effects a Trump presidency could have on the future of the Consumer Financial Protection Bureau (CFPB). Amidst others’ uncertainty, Olson explained the “tall order” it would take to replace the current Director of the CFPB, Richard Cordray. Olson stated, “As long as the PHH decision is stayed pending further appeals, the director can only be removed for ‘inefficiency, neglect of duty, or malfeasance in office.’ That is a high standard.” Olson went on to add, “Rich Cordray has shown himself to be a dedicated and zealous CFPB director, and I would not expect him to give up that position lightly.” 

Click here to read the full article at www.americanbanker.com (subscription required).