Another State Prepares to Step in Where CFPB Leaves Void

The New Jersey Attorney General recently announced that the state’s Governor will nominate Paul R. Rodriguez to serve as the Director of the New Jersey Division of Consumer Affairs. The Attorney General said that this appointment will help to “fill the void left by the Trump Administration’s pullback of the Consumer Financial Protection Bureau (CFPB), and fulfill one of Governor Murphy’s promises to create a state-level CFPB in New Jersey.”

The Division of Consumer Affairs is responsible for protecting consumers’ rights, regulating the securities industry, and overseeing 47 professional boards.

Rodriguez is currently Acting Counsel to New York City Mayor Bill de Blasio. Previously, he was an associate at Simpson Thacher & Bartlett LLP in New York City where he worked on financial transactions, securities regulation and intellectual property.

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