InfoBytes Blog
CFPB seeks applicants for consumer financial law taskforce
On October 11, the CFPB announced the Taskforce on Federal Consumer Financial Law that will examine the existing legal and regulatory environment facing consumers and financial services providers. The Bureau is accepting applications for the task force and seeking to fill the membership with a broad range of expertise in the areas of consumer protection and consumer financial products or services. Inspired by a commission established by the Consumer Credit Protection Act in 1968, the Bureau states that the task force will report to Director Kraninger and will “produce new research and legal analysis of consumer financial laws in the United States, focusing specifically on harmonizing, modernizing, and updating the enumerated consumer credit laws—and their implementing regulations—and identifying gaps in knowledge that should be addressed through research, ways to improve consumer understanding of markets and products, and potential conflicts or inconsistencies in existing regulations and guidance.”