Since we passed the Dodd-Frank Act that created the CFPB back in 2010, the CFPB has effectively fulfilled its mission to protect consumers from unfair, deceptive, and abusive practices in financial markets, despite coming under continual attack.
Foster defends the CFPB's effectiveness since its creation amid ongoing criticism.
Share & report
More from Martin Foster
I think it is particularly true where you are failing to do a rigorous cost-benefit analysis for many of the rules.
I was happy to join Chairman Barr, in the letter to Fed Vice Chair for Supervision Barr, requesting more detail on the analysis and supporting data that were used to develop the Basel III Endgame proposals.
Yes. Do any of our other witnesses have any comments on this area, the utility of a national standard for a secure digital ID provided by States?
Other voices in this conversation
