Stinson Leonard Street Dodd Frank

MAKING SENSE OF DODD-FRANK

The Dodd-Frank Act has broad and deep implications that will touch every corner of financial services and multiple other industries. This site, developed and maintained by attorneys at Stinson Leonard Street, is dedicated to making sense of this complex legislation and helping businesses understand how it will affect them specifically. Our Bloggers »

Dodd-Frank Consumer Protection

CFPB Considering Issuing No-Action Letters

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Banking, Consumer Protection The CFPB has issued a proposed policy where it would issue no-action letters in limited circumstances.  The proposed policy is designed for new financial products or services where there may be uncertainty about how they fit in the existing statutes and regulations. Under the proposed policy, the no-action letter would not be an available tool […] Read more →

by   |   October 13, 2014

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GAO Says CFPB Needs to Improve Data Privacy and Security

Banking, Consumer Protection, Uncategorized To fulfill its statutory responsibilities, the CFPB collects large amounts of consumer financial data on credit card accounts, mortgage loans, and other products through one-time... Read more →

by   |   September 25, 2014

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CFPB to Regulate Larger Nonbank Auto Lenders

Banking, Consumer Protection The CFPB is proposing to oversee larger nonbank auto finance companies for the first time at the federal level.  Currently, the Bureau supervises large banks making auto loans,... Read more →

by   |   September 20, 2014

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Fed Proposes to Repeal Rule Regarding Unfair or Deceptive Acts or Practices

Banking, Consumer Protection The Federal Reserve Board has requested comment on a proposal to repeal its Regulation AA regarding unfair or deceptive acts or practices. The Dodd-Frank Wall Street Reform and... Read more →

by   |   August 25, 2014