States Are Poised to Ramp Up Enforcement Amid Trump Administration’s Deregulation Push
Author: Jedd Bellman.; Margaux Curie.; Christopher Walczyszyn.
Source: Volume 41, Number 07, July 2025 , pp.71-80(10)
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Abstract:
With an anticipated change in federal enforcement priorities under a second Trump Administration, state regulators and Attorneys General are ramping up oversight of consumer financial services. Backed by expanded authority, growing resources, and multistate coordination, states appear prepared to fill the proverbial void. This shift signals greater regulatory complexity and unpredictability for bank and nonbank financial institutions, emphasizing the need to monitor state-level developments and adapt compliance strategies accordingly.Keywords: Consumer Financial Protection Bureau’s (“CFPB”); Dodd-Frank Section 1042; How States Identify and Bring Enforcement Actions
Affiliations:
1: Orrick Herrington & Sutcliffe LLP; 2: Orrick Herrington & Sutcliffe LLP; 3: Orrick Herrington & Sutcliffe LLP.