Quick Reaction to the new CFPB reorganization bill
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Preliminary analysis only Should the Bureau of Consumer Financial Protection become a bipartisan commission? Of course it should. There are many reasons for this. Commissions are more stable, less partisan, and less controversial than the sole directorship of the CFPB. They also allow for broader experience in leadership, allowing not only enforcement perspectives, but also people with industry experience, technologists, economists, and consumer advocates to have representation at the highest levels. Given the broad scope of the CFPB’s jurisdiction, that broad experience would be valuable.
Quick Reaction to the new CFPB reorganization bill
Quick Reaction to the new CFPB reorganization…
Quick Reaction to the new CFPB reorganization bill
Preliminary analysis only Should the Bureau of Consumer Financial Protection become a bipartisan commission? Of course it should. There are many reasons for this. Commissions are more stable, less partisan, and less controversial than the sole directorship of the CFPB. They also allow for broader experience in leadership, allowing not only enforcement perspectives, but also people with industry experience, technologists, economists, and consumer advocates to have representation at the highest levels. Given the broad scope of the CFPB’s jurisdiction, that broad experience would be valuable.