The CUPP | Episode 8: Funding Fiasco: The Future of the CFPB

Released November 8, 2022

About this episode

Join John Coleman, Partner at Buckley, LLP and former Deputy General Counsel at the Consumer Financial Protection Bureau (CFPB) for a discussion on the recent decision from the Fifth Circuit Court of Appeals, which held that the CFPB is unconstitutionally funded. John delves into what this decision means for your institution and what to expect next from the CFPB.

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Key Takeaways

  • Examine the Fifth Circuit’s opinion, including unanswered questions
  • Explore the potential next steps for the CFPB in appealing the decision
  • Learn the implications of this decision for the CFPB’s supervisory and enforcement authority
  • Review the political ramifications of this decision and its aftermath.

Presented By

Ann Petros, Vice President of Regulatory Affairs, NAFCU
Ann Petros, Vice President of Regulatory Affairs, NAFCU

Ann Petros was named Vice President of Regulatory Affairs in October 2021. In her role, Petros oversees NAFCU’s advocacy on various regulatory developments from federal agencies, including the National Credit Union Administration, the Consumer Financial Protection Bureau, and the Federal Housing Finance Agency. Petros joined NAFCU in June 2016 as a regulatory affairs counsel and was promoted to senior regulatory affairs counsel in June 2018. Since starting at NAFCU, Petros has led the association’s advocacy on housing finance issues as well as Federal Communications Commission regulations implementing the Telephone Consumer Protection Act.

John R. Coleman
John R. Coleman

John R. Coleman (Partner), former Deputy General Counsel of the CFPB, recently joined Buckley LLP after 15 years of federal government service as a litigator and adviser to senior policymakers. He joined the CFPB soon after its creation in 2010 and was involved in every significant litigation matter in the agency’s history prior to his departure. As Deputy General Counsel, he managed a team of attorneys responsible for representing the Bureau in litigation, including appellate matters, and before congressional oversight bodies. He also advised the director and senior officials on legal, policy, and political risks.