New York, California Want More Power Over the Financial Sector

Wall Street Journal

Jay S. Auslander

March 6, 2020

Amidst claims that the Trump Administration has reined in the federal Consumer Financial Protection Bureau, the governors of New York and California have proposed new measures to expand the powers of state financial watchdog agencies. Speaking with the Wall Street Journal, Jay Auslander, a partner in the firm’s litigation group, cautions that such moves create the potential for regulatory overreach.

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