Report of CFPB Taskforce on Consumer Financial Law: How 100 Recommendations Could Change Consumer Financial Services [CC]

Report of CFPB Taskforce on Consumer Financial Law: How 100 Recommendations Could Change Consumer Financial Services [CC] — CLE 60 min

Almost 50 years ago, the National Commission on Consumer Finance published its ground-breaking work, making recommendations that inspired most of the consumer financial services laws that shaped the growth, development, and consumer protections for the following decades.

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The CFBP director appointed a 5-member task force in January 2020, and charged it with examining the existing legal and regulatory environment facing consumers and financial services providers and report to the CFPB Director within one year its recommendations for ways to improve and strengthen consumer financial laws and regulations. Noting major development in consumer credit products and how they are delivered since 1972, the Director asked the Taskforce to conduct a thorough examination of the current regulatory environment to ensure laws continue to benefit and protect consumers. The Taskforce was controversial from its inception. Now that its report and recommendations are public, this expert panel will describe the report and key recommendations and debate their merits.

Panelists

Eric J Mogilnicki, L Jean Noonan, Todd Zywicki

Sponsors

Business Law Section

Co-sponsors

Consumer Financial Services

Product Code

CL2101CFSW3OLC

Duration

60

Publication Date

1/27/2021 12:00:00 AM

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