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ABA: The American Bankers Association
Compliance News

New CFPB Task Force to Examine Federal Consumer Financial Law

The CFPB announced that it is establishing a new task force that will focus on harmonizing and modernizing consumer financial laws. The task force will examine the existing legal and regulatory framework and will report its findings and recommendations for improvement to CFPB Director Kathy Kraninger.

The CFPB is seeking applications for members to serve on the task force, including those with expertise in the areas of consumer protection and consumer financial products or services; analyzing consumer financial markets, laws and regulations; and a demonstrated record of senior public or academic service. The deadline for applications is Oct. 25.