Consumer Protection in an Age of Uncertainty
Though consumers look to technology for convenience and simplicity in financial services, the legal, technological and political systems beneath these are complex and ever-changing. Is robust consumer protection possible in a period of unprecedented and evolving financial innovation? Or is such regulation doomed to be outpaced by the speed of technology? As Americans become increasingly reliant on new financial technologies, what are the implications for consumer protection, security and privacy? The University of Michigan’s Center on Finance, Law, and Policy will convene regulators, researchers, data security and privacy experts, journalists, and financial technology companies for a two-day conference to consider new legal and regulatory questions raised by recent technological developments and the challenges facing consumers in a shifting policy environment.
Rich Cordray, founding director of the Consumer Financial Protection Bureau and Rohit Chopra, Commissioner on the Federal Trade Commission will keynote.