The CFPB's Proposal to Create a Public Registry

In this episode of his "Clearly Conspicuous" podcast series, "The CFPB's Proposal to Create a Public Registry," consumer protection attorney Anthony DiResta dives into the Consumer Financial Protection Bureau's (CFPB) proposed rule to establish a public registry of supervised nonbanks' terms and conditions in form contracts that potentially waive or limit consumer rights and protections. Mr. DiResta explains the CFPB's origin, purpose and defined role as a federal consumer protection agency with circumscribed powers. The CFPB was not designed to act as a legislative body or as a platform to publish information. According to the bureau, the proposed public registry will increase market transparency and improve governmental and regulatory oversight.