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  • All HBS Web  (3)
    • News  (1)
    • Research  (2)
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  • All HBS Web  (3)
    • News  (1)
    • Research  (2)
  • Faculty Publications  (1)
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  • Article

The Consumer Financial Protection Bureau: Financial Regulation for the Twenty-First Century

By: Leonard J. Kennedy, Patricia A. McCoy and Ethan S. Bernstein
After existing regulatory systems failed to prevent the recent financial crisis, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act, a sweeping reform designed to alleviate the crisis and prevent its recurrence. Out of this Act, the Consumer... View Details
Keywords: Consumer Financial Protection Bureau; Dodd-Frank; CFPB; Financial Crisis; Reform; New Agency; Market-based Approach; Evidence-based Analysis; Innovative Technologies And Transparency Policies; BEST Practices; Government and Politics; Government Administration; Finance; Financial History; Law; Markets; Organizations; Organizational Design; Business and Government Relations; Balance and Stability; Strategy; Financial Services Industry; Banking Industry; United States
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Kennedy, Leonard J., Patricia A. McCoy, and Ethan S. Bernstein. "The Consumer Financial Protection Bureau: Financial Regulation for the Twenty-First Century." Cornell Law Review 97, no. 5 (July 2012): 1141–1176.
  • 01 Sep 2011
  • News

Coming Full Circle

Consumer Financial Protection Bureau and wanted his help. “It was one of those calls you don’t say no to,” says Bernstein, now serving as the bureau’s deputy assistant director of mortgage and home equity markets. “The CFPB is the largest... View Details
Keywords: Julia Hanna; Colleges, Universities, and Professional Schools; Educational Services
  • 30 Nov 2016
  • Op-Ed

Where Could More Regulation Help Small Businesses? Online Lending.

originations, rejections, and “any additional data that the Bureau determines would aid in fulfilling the purposes of this section.” We believe that CFPB should use this authority to shine a light on bad actors in small business lending,... View Details
Keywords: by Karen Mills and Brayden McCarthy; Financial Services
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