Document Type
Article
Comments
This article predates the author's affiliation with Cornell Law School. A published version appeared in The Hill (May 14, 2017).
Abstract
Dodd-Frank implemented regulations that work very well in the consumer credit markets. It created a regulator, the CFPB, that has been very effective at keeping the bad guys out of those markets. The Financial CHOICE Act will seriously weaken the CFPB. It will gut the Consumer Financial Protection Bureau and return us to the Wild West days of the early 2000s where predatory lenders could prey on the elderly and the uneducated, knowing that there was no sheriff in town to stop ‘em.
Date of Authorship for this Version
5-2017
Keywords
Dodd-Frank Wall Street Reform and Consumer Protection Act, United States. Consumer Financial Protection Bureau, CFPB, Financial Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs (CHOICE) Act of 2017
Recommended Citation
Reiss, David, "America's Consumer Financial Sheriff and The Horse It Rides Are under Fire" (2017). Cornell Law Faculty Working Papers. 170.
https://scholarship.law.cornell.edu/clsops_papers/170