Joseph Schuster

Raj Date, managing partner at Fenway Summer and former CFPB leader, joins Joseph Schuster, a Ballard Spahr partner specializing in consumer finance law. They delve into the nuanced debate around bank regulation versus supervision. Date argues that banks are over-supervised, not over-regulated, citing privileges banks enjoy far outweighing their compliance burdens. The conversation tackles the detrimental effects of excessive oversight on innovation and decision-making. They highlight the urgent need for a balanced regulatory approach that adapts to technological advancements.