Jonice Gray Tucker Quoted in Dodd Frank Update Article, “Panelists Discuss Opposition to CFPB, Dodd-Frank”
Dodd Frank UpdateJonice Gray Tucker
Jonice Gray Tucker was quoted on April 14, 2017 in a Dodd Frank Update article, “Panelists Discuss Opposition to CFPB, Dodd-Frank.” The article covers the 2017 Consumer Bankers Association’s national convention, CBA LIVE, and the panel’s discussion on “President Trump, the Future of the CFPB and the Loyal Opposition.” The topics included PHH Corp. v. CFPB, the probability of Director Richard Cordray’s resignation, the Durbin Amendment, and the Congressional Review Act’s (CRA) impact on the CFPB’s activities.
In regards to the DOJ’s change in support of the CFPB, Tucker noted, “They didn’t say ‘blow up the CFPB. They actually said it can stay but the director has to be able to be removed at will. It’s a really interesting situation. I think that there is a possibility that there will not be enough votes to uphold the direction that the panel went and, instead, we will have a decision that is more favorable to the CFPB. Where this is going to get really, really interesting is if the CFPB actually loses. They can’t litigate before the Supreme Court alone. They need to phone a friend. Who’s their friend? – the DOJ.” Tucker also added that ultimately, Corday’s decision to resign will come down to, “how much pain does he want to go through?”
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