CFPB Rolls Out Innovation Policies, State Regulator Network

Law360 (September 10, 2019, 8:49 PM EDT) -- The Consumer Financial Protection Bureau on Tuesday said it has partnered with seven state attorneys general to launch a network of regulators who will work together to facilitate financial innovation and has released a set of revamped policies for companies looking to test new financial offerings and disclosures.

Dubbed the American Consumer Financial Innovation Network, the multistate initiative announced by the CFPB aims to bring together state AGs and financial regulators at both the state and federal level with the shared mission of streamlining the regulation of consumer financial products.

"Federal and state coordination promotes consistency in the regulation of consumer...

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