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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.
