READOUT: Treasury and CFPB Roundtable on De-Risking and Consumer Protection

WASHINGTON - On Wednesday, June 26, the Department of the Treasury (Treasury) and the Consumer Financial Protection Bureau (CFPB) co-hosted a virtual roundtable to discuss federal government efforts to promote access to financial products and services while protecting the U.S. financial system from illicit actors and bolstering national security, as well as ensuring compatibility with consumer protection policies. The roundtable was led by Treasury Under Secretary for Terrorism and Financial Intelligence (TFI) Brian Nelson and CFPB Director Rohit Chopra. Other senior leaders from the Treasury participated in the roundtable as well and helped outline U.S. Government current efforts while also identifying what further needed to be done.Treasury’s De-Risking and Financial Inclusion Priorities and ProgressUnder Secretary Nelson discussedTreasury’s 2023 National De-Risking Strategy, emphasizing that the inequitable curtailment of financial access is an area of pressing concern, while reinforcing the recommendations that Treasury laid out in the De-Risking Strategy to help address these issues.He highlighted the2022 statement on customer due