American Financial Services Association

CFPB to Host Symposium on Cost-Benefit Analysis in Regulation

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CFPB to Host Symposium on Cost-Benefit Analysis in Regulation

The Consumer Financial Protection Bureau today announced that it will host a symposium to discuss the cost-benefit analysis of financial protection regulations on July 29 at 9:30 a.m. AFSA staff will attend.

“The symposium is intended to seek perspectives [on] the use of cost-benefit analysis in consumer financial protection regulations,” the Bureau’s press release noted. “The Bureau is exploring developments in the cost-benefit analysis arena and will consider lessons that may be useful as it nears the start of its second decade of work.”

AFSA is pleased that the CFPB is taking a closer look at the economic and societal costs of its regulations. Thorough cost-benefit analysis is crucial in evaluating the effect of regulations on consumers and businesses.

The symposium features two panels of experts and will be livestreamed on the CFPB website. Register for the symposium here.

July 23rd, 2020 by