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CFPB Holding Symposium on the use of Cost-Benefit Analysis in Consumer Financial Protection Regulation

  • Written by Steel Rose

The Consumer Financial Protection Bureau (Bureau) will hold a virtual symposium on the use of cost benefit analysis in consumer financial protection regulation.

The CFPB symposium is intended to seek perspectives on the use of cost-benefit analysis in consumer financial protection regulations.

The event will feature remarks by Bureau Director Kathleen L. Kraninger and will consist of two panels of experts. The first panel will consider questions related to how the Bureau should use cost-benefit analysis in developing consumer financial regulations and whether the Bureau’s practices provide the proper incentives for the best use and reporting of cost-benefit analysis. The second panel will focus on how the Bureau may help advance the methodology of cost-benefit analysis for consumer financial regulation. The panel may also consider the data and economic models that should be developed for cost-benefit analysis of consumer financial regulation, how to address distributional concerns, and how to partner with others in this work.

Below is the Agenda for the Symposium

CFPB Symposium: Cost-Benefit Analysis in Consumer Financial Protection Regulation
July 29, 2020
9:30-9:35am Opening Remarks by Director Kathleen L. Kraninger
9:35-10:35am First Panel: Cost Benefit Analysis in Consumer Financial Protection Regulation: Its Use and Agency Incentives
       Bureau Moderator:
           • Susan Singer, Deputy Assistant Director, Office of Research
           • Jerry Ellig, Research Professor, George Washington University Regulatory Studies Center
           • Stephen W. Hall, Legal Director & Securities Specialist, Better Markets
           • Brian Hughes, Executive Vice President and Chief Risk Officer, Discover Financial Services
           • Howell Jackson, Professor of Law, Harvard Law School
           • Amit Narang, Regulatory Policy Advocate, Public Citizen
10:35-10:45am Break
10:45-11:45am Second Panel: Methodological and Subject Matter Considerations
     Bureau Moderator
          • Paul Rothstein, Section Chief, Financial Institutions and Regulatory Policy, Office of Research
         • John Coates, Professor of Law and Economics, Harvard Law School
         • Mark Cohen, Professor of Law, Vanderbilt Law School
         • Alex Lee, Professor of Law, Northwestern Pritzker School of Law
         • Christopher J. Mayer, Professor of Real Estate, Columbia Business School