CFPB May Be Vulnerable To Trump's 'One-In-Two-Out' Rule

Law360, New York (January 30, 2017, 7:35 PM EST) -- Financial regulators are largely exempt from President Donald Trump’s Monday “one-in-two-out” executive order on new regulations because they are independent agencies, but the Consumer Financial Protection Bureau could fall under its sway depending on the outcome of litigation over its leadership structure.

Trump made it appear that the order he signed, surrounded by small business owners, was part of his administration’s move to curtail the impact of the 2010 Dodd-Frank Act. But because the order does not apply to independent agencies like the Federal Reserve, the Federal Deposit...
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