Dodd-Frank Consumer Protection
CFPB Revises Rule Protecting Consumers Sending Money Internationally
Banking, Consumer Protection The CFPB has revised its rule that creates certain protections for consumers who transfer money internationally. The revisions are intended to preserve the new consumer protections provided under the rule while facilitating industry’s compliance with the rule. Under the remittance rule, remittance transfer providers will be required to disclose certain fees and taxes, as well [...] Read more →
CFPB Amends Card Act Rule to Make it Easier for Stay-At-Home Spouses and Partners to Get Credit Cards
Banking, Consumer Protection The CFPB has updated existing regulations to make it easier for spouses or partners who do not work outside of the home to qualify for credit cards. The amendment allows credit... Read more →
CFPB, FDIC and OCC Move Against Pay Day Lenders
Consumer Protection The CFPB has issued a report on payday and deposit advance loans finding that for many consumers these products lead to a cycle of indebtedness. The loans generally have three... Read more →
Broker-Dealer Due Diligence and FINRA Exam Priorities
Broker-Dealer, Consumer Protection, Private Equity FINRA Chairman and CEO Richard G. Ketchum gave a speech on April 9, 2013 as part of the National Compliance Outreach Program for Broker-Dealers. Mr. Ketchum addressed FINRA’s... Read more →