WASHINGTON–The Consumer Financial Protection Bureau has named an additional member who will serve on the Taskforce on Federal Consumer Financial Law.
The addition is William MacLeod, partner at Kelley Drye & Warren, LLP, Past Chair of the Antitrust Section of the American Bar Association, and former Bureau Director at the U.S. Federal Trade Commission.
The Taskforce on Federal Consumer Financial Law will examine the existing legal and regulatory environment facing consumers and financial services providers and report to CFPB Director Kathleen L. Kraninger its recommendations for ways to improve and strengthen consumer financial laws and regulations. The Taskforce will produce new research and legal analysis of consumer financial laws in the United States, focusing specifically on harmonizing, modernizing, and updating federal consumer financial laws—and their implementing regulations—and identifying gaps in knowledge that should be addressed through research, ways to improve consumer understanding of markets and products, and potential conflicts or inconsistencies in existing regulations and guidance, the CFPB said.
MacLeod joins the following Taskforce members recently announced by the Bureau: Dr. J. Howard Beales, III; Dr. Thomas Durkin, Senior Economist (Retired) at the Federal Reserve Board; L. Jean Noonan, Partner at Hudson Cook; and Todd J. Zywicki (Taskforce chair), Professor of Law at George Mason University (GMU) Antonin Scalia Law School and Senior Fellow of the Cato Institute.