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> - CFPB -> all consumer corporations CFPB is very new; is there really evidence of revolving door hiring going on there?
by forapurpose 9y ago
> - CFPB -> all consumer corporations
CFPB is very new; is there really evidence of revolving door hiring going on there?
- marnett 9y agoI was more so pointing out who would be interested in which agencies for influence. They are young and invigorated. We'll have to see how they recover from their big loss on the CFPB Arbitration Rule after the joint resolution from last fall.
- adrianratnapala 9y agoIt isn't (always) about some sinister revolving door. It's just that the people who enforce regulations and the people who manage compliance at regulated entities are experts in the same field even when they are not the same people. Both sides can be doing their jobs entirely honestly, but still they will co-evolve in ways that make the system convenient for existing players.