Is the CFPB too independent?

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Two policy experts debate whether the CFPB’s independence is a feature or a bug.

Christopher Peterson
Consumer Federation of America
Christopher Peterson is Director of Financial Services and a senior fellow at the Consumer Federation of America and a professor of law at the University of Utah. He previously served in the Office of the Director at the CFPB and as Senior Counsel for Enforcement Policy and Strategy in the CFPB’s Office of Enforcement. His books include Consumer Law: Cases and Materials and Taming the Sharks: Towards a Cure for the High Cost Credit Market.

Ronald L. Rubin
Ronaldlrubin.com
Ronald L. Rubin is a lawyer and writer in Washington, D.C. He has been a criminal prosecutor, enforcement attorney at both the CFPB and Securities and Exchange Commission, law firm partner, and chief advisor on regulatory policy at the House Financial Services Committee. His influential National Review article “The Tragic Downfall of the Consumer Financial Protection Bureau” was cited by a federal appeals court judge in a recent case that challenged the CFPB’s constitutionality.

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