The Consumer Financial Protection Bureau, that new agency created by the Dodd-Frank financial reform act, is turning into a revolving door like the rest of the Washington regulatory complex. My former New York Sun colleague Jacob Gershman reports at the Wall Street Journal's law blog:
A consumer financial regulator is joining Dentons as a partner in its D.C. office, the global law firm announced Monday.
The firm hired Richard Horn, a senior counsel and special advisor at the Consumer Financial Protection Bureau who helped the two-and-a-half-year-old watchdog agency draft new mortgage disclosure rules. He's joining the firm's capital markets practice, where he'll help advise clients comply with lending regulations he helped draft, the firm said....
Dentons said Mr. Horn will advise clients on federal and state regulatory compliance issues, "including those related to consumer finance and residential mortgages."