In the News | Bank Director
Chaos Consumes CFPB, Causing Uncertainty
Feb 21, 2025 · Authored by Ivan Cilik
As leadership shifts at the Consumer Financial Protection Bureau (CFPB), banks are closely watching for potential regulatory shifts. Baker Tilly's Ivan Cilik recently shared insights with Bank Director, noting that while the agency’s mission remains intact, its approach may evolve.
Balancing consumer protection and investor confidence is crucial, and the coming months will reveal how new leadership navigates these priorities. Banks may need to adopt a “wait and see” approach as the regulatory landscape takes shape.
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