Christopher Young is an expert in consumer financial services and banking
law with over 25 years experience. Chris serves as Deputy Assistant Director
for Supervision Policy at the Consumer Financial Protection Bureau. Prior
to joining the CFPB Chris advised the Maryland Commissioner of Financial
Regulation on state and federal banking and consumer financial matters.
Chris began his career in private practice representing banks and
nonbank financial services companies.
At the CFPB Chris played a key role in building its supervision program
from the ground up. Chris joined the CFPB in 2011 where he addressed
foundational questions of law, interpreting the Consumer Financial Protection
Act of 2010 relating to the CFPB’s supervisory authority. Chris
now manages a team of attorneys that provide advice on the supervision of
very large depositories, nonbanks, and service providers. Areas of focus
include unfair, deceptive, or abusive acts or practices and consumer
privacy. One of Chris’ significant accomplishments is the development
of the CFPB’s supervision program assessing information technology
at supervised entities that may impact compliance with Federal consumer
financial law and consumer risk. Before joining the CFPB Chris represented
the Maryland Commissioner of Financial Regulation as an Assistant Attorney
General. Chris provided legal guidance on financial regulatory policy and
drafted legislation and regulations. Chris focused on state and federal
law relating to banks, credit unions, non-depository trust companies, and
nonbanks including mortgage companies, installment consumer lenders, finance
companies, debt management companies, check cashers, and collection agencies.
While in private practice Chris represented banks and bank holding companies
on consumer financial law issues relating to mortgage lending, consumer
installment lending, Community Reinvestment Act compliance, and privacy.
Chris also advised national retail businesses on consumer-finance matters,
designing consumer credit programs and negotiating consumer financing
program agreements with major bank and nonbank lenders.