Maria Blow, an assistant director with the Consumer Financial Protection Bureau, argued last week that new CFPB oversight might actually reduce regulations in some cases.
In an interview with ATM Marketplace, a trade publication, Blow says adding a new regulatory group could help eliminate old laws that have since been duplicated.
“There’s kind of this notion that law gets written and very little gets un-written. And we have the opportunity to streamline here. Where is there overlap? Where is there unnecessary duplication?” she asked in her conversation with ATM Marketplace. “Put us in a position to do that streamlining effectively.”
Later this week, Blow will speak at the ATM Industry Association’s 13th annual conference and expo in San Antonio. Her conversation with ATM Marketplace is available online.
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