Jonathan Kolodziej Quoted in National Mortgage Professional on Changes at the CFPB

Bradley attorney Jonathan Kolodziej was featured in National Mortgage Professional on the recent changes at the Consumer Financial Protection Bureau (CFPB) and how it might affect the mortgage and financial industries.

“There are still certain obligations that they have under federal law, so I’m not sure that they can completely deactivate it, even from the inside,” said Kolodziej. “They certainly can claw back and they’re absolutely doing that. They’re clawing back on the day-to-day activities and all of that, from a funding perspective as well.”

“There are enough lawyers like me that are going to be counseling their clients that we can’t just look at the present environment, that we do have to be mindful of four years from now, or eight years,” Kolodziej explained.

“The rollercoaster that seems right now inevitable, of heavy regulation and heavy oversight by the bureau, and then down to nothing, and then up and down, and up and down, is just unsustainable,” Kolodziej has observed. From an enforcement perspective, “that weight has now sort of been lifted, and maybe now people are willing to kind of think about projects or areas where they’ve been hesitant to venture.”

“We get a lot of this kind of bluster out there of, ‘The CFPB is being shuttered.’ I’m not sure that’s actually the case,” Kolodziej explained. “I think maybe we have both sides kind of posturing a little bit, at least that’s my impression right now.”

The full article, “We Don’t Care About You – The signals that unplugging the CFPB sends,” was published by National Mortgage Professional on February 14, 2025.