Episode Summary:
The Trump Administration wants to shut down the Consumer Financial Protection Bureau (CFPB)—a move that has divided the financial industry. Is it a necessary rollback of overreach or a dangerous erosion of consumer protections? To unpack this, Jim McCarthy sits down with Ron Shevlin, a nationally recognized expert on banking and credit unions, and Chief Research Officer at Cornerstone Advisors. Ron has spent years analyzing financial services trends, regulatory impacts, and the evolution of consumer finance. While he supports efforts to dismantle the CFPB, Jim does not—and yet, they found themselves in agreement on some surprising points.
This is not your typical debate. It’s a thought-provoking conversation about how financial regulation should evolve, the role of banks and credit unions, and what this means for the future of consumer finance.
What You’ll Learn:
✔️ Why the Trump Administration wants to shut down the CFPB
✔️ The biggest criticisms and defenses of the CFPB’s role
✔️ Ron Shevlin’s expert take on how regulation impacts banks and credit unions
✔️ Why Jim and Ron—despite differing views—agreed on key issues
✔️ What this means for the future of financial regulation
About Our Guest:
🔹 Ron Shevlin is a nationally recognized expert in banking and credit unions, the Chief Research Officer at Cornerstone Advisors, and a frequent contributor to Forbes, where he covers the intersection of financial services, technology, and consumer behavior. Follow him on LinkedIn and Twitter (@rshevlin).
Resources & Mentions:
🔹 The CFPB’s enforcement history
🔹 Recent regulatory challenges in banking and credit unions
🔹 Ron Shevlin’s latest insights from Forbes
Stay Connected:
💬 Follow Jim McCarthy on LinkedIn
🎙️ Subscribe to Financial Forward on Apple Podcasts, Spotify, and more
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More from Jim:
LinkedIn: https://www.linkedin.com/in/mccarthyhatch/
https://www.mccarthy-hatch.com/
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