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Likewise, there was initially deep skepticism inside the banking industry about the CFPB's arbitration study, and there is still a belief among industry insiders that the agency's research is likely to lead to new regulations. * * *
But over the last few months, industry observers have been relatively pleased
with they have seen from the consumer bureau.
Overseeing the arbitration study for the CFPB is Will Wade-Gery, a former
Morrison Foerster lawyer who used to represent financial institutions. * * *
Ballard Spahr's [Alan] Kaplinsky said: "I must say that before having had some discussions
with people at the CFPB about the project, I was probably very skeptical about
whether this would really be a fair study that they would conduct, whether it
would be based on political data, or whether it would be based more on
political leaning. And so far I've been impressed."