Hudson Cook Alert -
Trump Suspends All New Regulations
On his first day in office, President Donald Trump signed an executive order suspending all proposed federal regulations until further review by nominees or appointees of the new Administration. Consumer Financial Protection Bureau regulations that may be delayed (or killed) by this executive order would include those affecting arbitration, debt collection and small-dollar loans. However, Director Corday's term does not end until 2018, and thus there is no pending nominee or appointee to the CFPB to review these rules. Therefore, it is possible the Bureau could determine that the Executive Order does not apply to its pending rules. Such a position, however, would undoubtedly put the Bureau into conflict with the incoming Administration.