On 7/22/2020, the CFPB announced that it will hold a symposium on the use of cost-benefit analysis in consumer financial protection regulations. The event is scheduled for 7/29/2020 and will be streamed on the CFPB’s website. From their release, the CFPB explains:
“The symposium is intended to seek perspectives on the use of cost-benefit analysis in consumer financial protection regulations. The Bureau is exploring developments in the cost-benefit analysis arena and will consider lessons that may be useful as it nears the start of its second decade of work.
The event will feature remarks by Bureau Director Kathleen L. Kraninger. This symposium will consist of two panels of experts. The first panel will consider questions related to how the Bureau should use cost-benefit analysis in developing consumer financial regulations and whether the Bureau’s practices provide the proper incentives for the best use and reporting of cost-benefit analysis. The panel will be moderated by Susan Singer, deputy assistant director in the Bureau’s Office of Research……
The second panel will focus on how the Bureau may help advance the methodology of cost-benefit analysis for consumer financial regulation. The panel may also consider the data and economic models that should be developed for cost-benefit analysis of consumer financial regulation, how to address distributional concerns, and how to partner with others in this work. The panel will be moderated by Paul Rothstein, financial institutions and regulatory policy section chief in the Bureau’s Office of Research…..”
This symposium is the fifth symposium by the CFPB over the last year that explores consumer protection in today’s modern day financial services marketplace.
Information about the symposium can be found here.
