The Consumer Financial Protection Bureau announced four members who will serve on the Taskforce on Federal Consumer Financial Law.
Taskforce members will examine the existing legal and regulatory environment facing consumers and financial services providers and offer recommendations for improving and strengthening consumer financial laws and regulations.
The Taskforce will also produce new research and legal analysis of consumer financial laws in the United States, focusing specifically on harmonizing, modernizing and updating the federal consumer financial 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. The Taskforce members include:
- J. Howard Beales, III, former Professor of Strategic Management and Public Policy at the George Washington University and former Director of the Bureau of Consumer Protection at the Federal Trade Commission;
- Thomas Durkin, Senior Economist (Retired) at the Federal Reserve Board;
- Jean Noonan, Partner at Hudson Cook, former General Counsel at the Farm Credit Administration, and former Associate Director of the Bureau of Consumer Protection’s Credit Practice at the Federal Trade Commission; and
- Todd J. Zywicki, Professor of Law at George Mason University (GMU) Antonin Scalia Law School, Senior Fellow of the Cato Institute, and former Executive Director of the GMU Law and Economics Center.
The Bureau also announced the designation of Todd Zywicki to serve as the Chair of the Taskforce and the appointment of Matt Cameron to serve as Staff Director of the Taskforce.