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

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.