As the country emerges from the smoke of a bitter and downright ugly
election cycle, there is much speculation about the canvas of the
regulatory landscape. For the consumer financial services industry, the
past eight years have been particularly brutal. The Consumer Financial
Protection Bureau's (CFPB) mission to regulate the offering and
provision of consumer financial products and services, although well
intended, was in the view of many observers poorly executed. Vague and
muddled regulatory expectations have resulted in exorbitant compliance
costs with no corresponding benefit in service or even financial
stability.
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