Kara Bruce on Bankruptcy and the CFPB
In this episode, Kara Bruce, Professor of Law at the University of Toledo College of Law, discusses her new article, "Bankruptcy’s Adjunct Regulator" (with Alexandra Sickler), which will be published in the Florida Law Review. In their new article, Kara and Alex discuss the role that the Consumer Financial Protection Bureau has played in the consumer bankruptcy system and lay out a vision for the role they wish the Bureau would play in the future. The authors argue that the existing bankruptcy regulatory apparatus is ill-equipped to police persistent “negative value bankruptcy misconduct" by some bad actors in bankruptcy. Kara also discusses why and how a proactive Bureau could improve over the status quo. Finally, Kara also discusses the value she sees in co-authoring with Alex, even though faculty sometimes find it difficult to assess the relative contributions of co-authors. The authors' prior work is available here (Kara) and here (Alex). Bruce is on Twitter at @ProfessorKBruce. Sickler is on Twitter at @alex_sickler.