I have previously voiced concerns about the CFPB’s Academic Research Council, particularly the lack of transparency surrounding the Council’s creation and the CFPB’s decision not to seek public input on appointments to the Council. My concerns about the Council were heightened by a report appearing earlier this week in the New York Times that the
Thaler
CFPB seeks information on financial education initiatives
By Barbara S. Mishkin on
Posted in CFPB General, Regulatory and Enforcement
The CFPB has issued a reminder that comments on its Request for Information on Effective Financial Education are due by October 31, 2012. Published in the Federal Register on August 2, the request seeks responses to a series of questions designed to assist the CFPB’s Office of Financial Education in developing “effective financial education approaches…
Let’s hear from Academic Research Council members
By Barbara S. Mishkin & Mark J. Furletti on
Posted in CFPB General, Regulatory and Enforcement
The first meeting of the CFPB’s new Academic Research Council, which was held on July 27, 2012, was not open to the public. In an article about the CFPB’s mortgage disclosure proposals that appeared in the New York Times on August 18, 2012, University of Chicago Professor and Council appointee Richard Thaler noted that he…