QCLOs, CFPB reform on agenda in era of reg loosening

By Max Adams
17 Sep 2017

The headline panel on day two of ABS East on Monday kicked off with a wide ranging discussion on deregulation in the Trump era, with congressman Andy Barr (R-KY) telling ABS market participants to expect another push for a “qualified” CLO and a reining in of the powers of the Consumer Financial Protection Bureau (CFPB).

Barr told the audience that the goal of reforming consumer watchdog CFPB would be to bring it in line with other federal agencies, in terms of both accountability and funding. 

“We know that the CFPB is not accountable to the American people because that is statutory by design. ...

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