Consumer Financial Protection: It's A Smaller World After All.pdf

Authors

Hilary Allen, American University Washington College of LawFollow

Document Type

Article

Publication Date

3-22-2011

Volume

96

Issue

12

Abstract

Few of the reforms of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) have been as controversial as the creation of the Consumer Financial Protection Bureau. On the one hand, proponents envisioned the Bureau as “a single, highly motivated federal regulator, [that would apply] the same regulation … to all similar products, regardless of the identity of the lender.” On the other hand, critics have called the Bureau “fatally flawed” and suggested that it has the potential to “stifle innovation and leave some market participants worse off.”

Recommended Citation

Hilary Allen, Consumer Financial Protection: It's A Smaller World After All.pdf, 96 Banking Report (BNA) (2011).
Available at: https://digitalcommons.wcl.american.edu/facsch_lawrev/1905