Regulatory Reform Panel Raises Important Discussion

The George Mason University Antonin Scalia Law School recently hosted a forum titled: Regulatory Reform, Transparency, and the American Economy. The event raised both liberal and conservative views on innovation, privacy, and personal responsibility.

The opening panel – Financial Innovation and Innovative Financial Regulators -- included Todd Zywicki, a law professor at George Mason whose name has been raised as a possible replacement for CFPB Director Richard Cordray; Charles J. Cooper, a Partner at Cooper & Kirk, PLLC, and David C. Vladeck, a law professor at Georgetown University and formerly Director of the Bureau of Consumer Protection at the Federal Trade Commission.

Zywicki presented a summary of a recent paper he co-authored, titled Consumer Protection at the FTC and the CFPB; his remarks focused on the CFPB part. Zywicki’s stance as a libertarian is clear (he also authored the 2015 paper, The Consumer Financial Protection Bureau and the Return of Paternalistic Command-and-Control Regulation). He began by announcing that, under the former Director, the CFPB has been protecting consumers from themselves.

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