Without a Senate-confirmed director, the newly created Consumer Financial Protection Bureau faces a number of challenges. For example, it can't crack down on complex mortgages or launch into rule-writing. The Federal Reserve, therefore, is working with the bureau, according to Treasury officials. "We are coordinating fulfillment of certain rule-writing mandates under the Dodd-Frank Act with the Federal Reserve Board to speed clarity for the market and meet statutory deadlines," said Deputy Treasury Secretary Neal Wolin. The Financial Services Roundtable supports the joint effort. "We believe that all the agencies should work together and should be united on these common goals," said Scott Talbott, senior vice president for government affairs for The Financial Services Roundtable.