National Law Journal Article on What Happens to CFPB if Romney Wins

Here. An excerpt:

Lawyers believe Cordray will remain at the helm of the agency until his appointment expires in December 2013, though some predict he'll step down a few months early to run for governor of Ohio. As a result, the CFPB — at least initially — is likely to hold course. That means more enforcement actions and a heightened focus on the mortgage industry, including mortgage servicing, settlement procedures and disclosures.

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Once Cordray's term is up and if Romney chooses his replacement, the effect on the agency could be dramatic, said Richard Gottlieb, who is the head of Dykema Gossett's financial industry group. * * * The potential result: fewer enforcement actions, milder penalties and regulations that give more weight to industry concerns.

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