May 27, 2020

May 26, 2020

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House Financial Services Committee Passes Consumers First Act [Podcast]

On March 28, 2019, the House Financial Services Committee passed H.R. 1500, the Consumers First Act, by a 34-26 vote.

The bill is intended to reverse various actions taken by Mick Mulvaney during his tenure as CFPB Acting Director.

The podcast discusses what’s in the Consumers First Act (H.R. 1500, intended to undo Mick Mulvaney’s CFPB actions), the impact of current House dynamics on the bill’s or specific provisions’ prospects for passage, the topics of other financial services bills likely to have bipartisan support, and how CFPB Director Kraninger’s approach is likely to compare to Mr. Mulvaney’s.

Copyright © by Ballard Spahr LLP


About this Author

Kaplinksy, partner, New York, finance

Alan S. Kaplinsky is Co-Practice Leader of the firm's Consumer Financial Services Group, which has more than 115 lawyers. Mr. Kaplinsky devotes his practice exclusively to counseling financial institutions on bank regulatory and transactional matters, particularly consumer financial services law, and defending financial institutions that have been sued by consumers in individual and class action lawsuits and by government enforcement agencies. Visit Mr. Kaplinsky's profile in Wikipedia.

Timothy Jenkins Finance Attorney Ballard Spahr

Timothy Jenkins is nationally recognized for his work advising clients on all aspects of political law. He represents leading U.S. companies nationwide on federal, state, and local gift rules, lobbying registration and election law, pay-to-play provisions, the Foreign Corrupt Practices Act, and the Foreign Agents Registration Act.

Tim has more than 30 years' experience representing clients before Congress, presidential administration officials, and federal regulatory agencies. He serves as a lobbyist for prominent trade associations and major corporations, with an emphasis on the financial services, health care, and pharmaceutical industries.

Prior to attending law school, Tim worked as a congressional staffer, serving as an investigator for the Senate Labor and Human Resources Committee as well as the Senate Government Affairs Committee. Tim leverages this congressional background along with three decades of legal experience and an extensive network of contacts within Congress, the administration, and the federal government to provide effective, efficient strategic advice to his clients.