Who watches out for the little guy? Who makes sure the big banks follow financial laws? Who are the watch dogs on Wall Street? The Consumer Financial Protection Bureau (CFPB), the newest federal agency was created by the Dodd-Frank Act of 2010 to guard the financial system for the people. What does CFPB do and how does it work? How does its data collection provide resources for consumer education and empowerment? What can it do to bad financial actors? It has been criticized as an “unconstitutional monstrosity” without oversight or accountability—do those claims have any warrant? Come to learn about the workings of this new agency from an inside source, and to ask your own questions about the role of government in banking.
Gena Stern, an alumna of Harvard (A. B. cum laude, 2009) and the Harvard Business School (MBA, 2013), is Senior Advisor to the Chief of Staff at CFPB; prior to that she was with Goldman Sachs and American Express. After Lunch with Honors, she and colleagues will be at recruiting events at the Michigan Union (2-6pm) and Palmer Commons (7-8pm): this is your chance to meet them personally!