A Look at the Recommendations of the CFPB’s Taskforce on Federal Consumer Financial Law with Special Guest Professor Todd Zywicki, Taskforce Chairman: Part II
In Part II of our two-part podcast, we look at the recommendations in the Taskforce’s report concerning the use of principles-based (rather than prescriptive) regulations and CFPB licensing of non-depository institutions providing lending, money transmission or payment services. We share our reactions to the recommendations, consider their practical implications for the industry, and discuss how the CFPB under new leadership may react to the Taskforce’s report.
