No more pencils, no more books.

No more CFPB indirect auto lending guidance.

No more CFPB Consumer Advisory Board.

No more Volcker Rule and risk-based capital for community banks.

No more Eric Schneiderman.

It’s the end of the school year, and we’ve seen enormous changes on the financial services regulatory landscape since our last Report. Hope you are hanging on to your seat, because there could be more to come:

No more payday lending rule?

No more disparate impact theory of fair lending liability?

No more CFPB complaint database?

Stay tuned and read on as we follow all the developments.

Before you do though, we want to tip our hats to our former colleague Andrew Smith as he takes over as the director of the FTC’s Bureau of Consumer Protection. Andrew is a brilliant lawyer who takes a practical, hands-on approach to problem solving. The FTC is lucky to have him, and we will all benefit from his public service.

Enjoy your summer!

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