Consumer Protection and the CFPB: What Are the Consequences for Consumers?

Apr 17, 2014Apr 18, 2014
Hyatt Regency on Capitol Hill, 400 New Jersey Avenue NW, Washington, DC

Event Video

The Mercatus Center at George Mason University continues its “Future of Finance” series of events with a timely event focused on the regulation of consumer credit products.

With the creation of the Consumer Financial Protection Bureau (CFPB), consumers face a brand new regulatory regime that will play an instrumental role in determining the availability of that credit. While the agency’s mission is to protect consumers as they purchase and use financial products, its unique structure has raised concerns about the potential unintended consequences of regulating consumer credit.

Panelists will address key questions on the issue of consumer credit, including:

  • Based on the CFPB’s active agenda in a number of areas of great importance to consumers, what can we expect to see from the agency in the future? Is the CFPB’s approach helping consumers or hurting them?  
  • How important is market competition to consumers? Do consumers benefit or suffer from policies that limit their choices? 

Panelists include:

Tom Durkin, Formerly Senior Economist, Federal Reserve Board (now Retired)

Aaron Klein, Director of the Financial Regulatory Reform Initiative, Bipartisan Policy Center

Gary L. Phillips, Chair, American Financial Services Association and Chairman & CEO, Republic Finance, LLC 

Todd Zywicki, Mercatus Center Senior Scholar and George Mason University Professor of Law


For any questions or to RSVP, please contact Trevor Carlsen at or by phone at 703-993-7729.