New CFPB 'Task Force' To Review Consumer Financial Law

Law360 (October 11, 2019, 9:52 PM EDT) -- The Consumer Financial Protection Bureau said it's putting together a "task force" to conduct a wide-ranging survey of the consumer financial regulatory landscape and recommend improvements, a project that some consumer advocates worry could just wind up providing cover for industry-friendly rule changes.

The CFPB's Taskforce on Federal Consumer Financial Law will study the current state of consumer financial services regulation as it affects industry and consumers, ultimately producing a report outlining potential changes "to improve and strengthen consumer financial laws and regulations," the agency said in an announcement on Friday.  

Along the way, the seven-member task force will generate...

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