Challenges and Opportunities for the CFPB

Welcome to Model Citizens: AI Compliance for Banks and Fintech Lenders, a six-part miniseries from the Fintech Takes podcast in partnership with FairPlay.

In this series, I’m joined by FairPlay’s Kareem Saleh (Founder & CEO) to explore how banks and fintechs can build fair, compliant lending systems in an era of regulatory uncertainty.

Episode 1 tackles one of the biggest questions in financial services today: what happens when the top federal watchdog (that was/is the CFPB) loses its bite?

Joined by David Silberman (former CFPB Associate Director for Research, Markets, and Regulation) and Abby Hogan (SVP of Legal & Regulatory Affairs; ex-CFPB), we explore the vacuum left by a defanged CFPB and the new patchwork of enforcement that’s emerging in its place.

Highlights include:

• Why 50-state compliance is the most expensive form of “deregulation” you’ve never asked for

• How pragmatic state regulators are becoming the new R&D lab for rulemaking since fintech innovation won’t wait

• What the five-year lookback really means for compliance teams (hint: regulatory whiplash isn’t a free pass to hit cruise control)

• Whether the CFPB could be rebuilt (and how fast the talent might come roaring back)

This episode sets the stage for what’s ahead. Because the future of fair lending isn’t just about algorithms; it’s about who’s making the rules, who’s watching, who’s suing, and who’s redrawing the lines of fairness and risk. 

In other words: it’s about what kind of model citizens we want our institutions (and our systems) to be.

Don’t forget to subscribe and catch more insights on Model Citizens in upcoming episodes!

This miniseries is brought to you by FairPlay.

FairPlay is an AI enablement company for financial services. They help companies build, test, optimize, validate and govern AI models. Learn more at Fairplay.ai

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LinkedIn: https://www.linkedin.com/in/david-silberman-1143414a/

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https://www.linkedin.com/in/abbyhogan/

Learn more about FairPlay here.