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CFPB to hold symposium on behavioral economics

The Consumer Financial Protection Bureau will hold its second symposium on consumer protection policy, this time dealing with behavioral law and economics.

The event, scheduled for Sept. 19, will feature two panels, one focused on the foundations of behavioral economics, and another on behavioral law, economics and consumer financial protection.

CFPB Director Kathy Kraninger and Deputy Director Brian Johnson will speak at the event.

The first panel will be moderated by Melissa Knoll, the section chief of decision-making and behavioral studies in the CFPB’s Office of Research. The panel includes four business and marketing professors.

The second panel will be moderated by Jason Brown, the CFPB’s assistant director in the Office of Research. The panel of five includes Gregory Elliehausen, a principal economist at the Federal Reserve, and Janis K. Pappalargo, an assistant director at the Federal Trade Commission’s Bureau of Economics.

The CFPB’s first symposium, in June, was about the definition of abusive under the Dodd-Frank Act that allows the bureau to enforce unfair, deceptive or abusive acts and practices, known collectively as UDAAP.

The symposium will be held at the CFPB's headquarters and will be webcast.

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