In an effort to improve and strengthen consumer financial laws, the Consumer Financial Protection Bureau (CFPB or Bureau) announced that it is seeking applications for members to its newly-created Taskforce on Federal Consumer Financial Law.
According to the announcement:
The taskforce will produce new research and legal analysis of consumer financial laws in the United States, focusing specifically on harmonizing, modernizing, and updating the enumerated consumer credit laws—and their implementing regulations—and identifying gaps in knowledge that should be addressed through research, ways to improve consumer understanding of markets and products, and potential conflicts or inconsistencies in existing regulations and guidance.
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