The CFPB last week named Paul Watkins, a lawyer in the Arizona attorney general’s office who helped establish a “regulatory sandbox” for the state, to lead the agency’s new Office of Innovation. Watkins was chief counsel for the Arizona AG’s 150-person Civil Litigation Division, which enforces state law related to consumer fraud, antitrust and other issues. He managed the nation’s first facility aimed at reducing compliance costs and burdens for new fintech ...