Patomak’s Brian Johnson was quoted in Capitol Account with his thoughts on the CFPB’s revisions to its procedures for supervising non-bank entities suspected of consumer violation. Brian explained that buried in the text of the ruling was a change to the regulator’s organizational chart, thus separating the Bureau’s examination and enforcement arms into separate divisions.

“The purpose of putting supervisors and examiners in one division was to ensure they were on the same page, says Brian Johnson, a managing director at Patomak Global Partners who served as the agency’s deputy director during the Trump administration.

“‘It’s really a sea change in terms of the bureau’s philosophical approach to ensure the supervision process and the enforcement process are aligned,’ he adds.”

Click this link to read the full story with additional mentions of Patomak’s Paul Atkins and Jill Sommers on SEC and CFTC matters.