Jim McCarthy was a founding member of the Consumer Financial Protection Bureau (CFPB) and was the key architect in establishing the CFPB’s complaint process. He is a nationally recognized expert on CFPB regulation and a leader in navigating the private sector consumer financial risk environment.
McCarthy has an extensive history of balancing private sector needs with fighting to protect consumers. He believes opportunities are not being realized today in the space between regulation and profit. From implementing CFPB’s Regulation DD (Truth in Savings) and internet banking to participating in Remittance, TILA-RESPA Integrated Disclosure (TRID) rules, and CFPB rule writing, McCarthy understands balancing regulations and business needs.
McCarthy also has extensive professional experience in the consumer financial environment, is a graduate of Minnesota State University, and has earned professional certifications from George Washington University and the Wisconsin Bankers Association Graduate Banking School