The Consumer Financial Protection Bureau is set to revive a program that would allow companies to experiment with new forms of disclosures without facing regulatory penalties.
The CFPB could allow for disclosure innovation without giving up its enforcement and oversight tools, Scott Astrada, the director of federal advocacy at the Center for Responsible Lending, told Bloomberg Law in a Sept. 7 phone interview.
“It’s far end of the spectrum of possible ways to tweak or improve things,” he said.