In this episode of Reporting Norms, we will be unpacking  the recent rollbacks in Consumer Financial Protection Bureau (CFPB) regulations, drawing striking parallels with the deregulation of the late 1990s and early 2000s that contributed to the 2008 financial crisis. 

Key highlights include:

- An analysis of the repeal of critical components of the Glass-Steagall Act by the Gramm-Leach-Bliley Act of 1999

- The deregulation introduced by the Commodity Futures Modernization Act of 2000. 

We examine the motivations and consequences of these past deregulatory measures and contrast them with today's weakening of the CFPB. 

With emphasizing the importance of robust financial oversight and consumer protections to safeguard against potential economic disasters, cautioning against repeating history's mistakes. 

This episode offers a compelling exploration of the balance needed between financial innovation and regulatory safeguards to ensure long-term economic stability.

Make sure to watch on Youtube today!

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