Dodd-Frank Consumer Protection
CFPB Launches Inquiry Into Overdraft Practices
Banking, Consumer Protection The Consumer Financial Protection Bureau, or CFPB, has launched an inquiry into checking account overdraft programs to determine how these practices are impacting consumers. As part of that inquiry, the CFPB is seeking public input on a prototype “penalty fee box” – a disclosure on a consumer’s checking account statement that would highlight the amount [...] Read more →
CFPB Proposes Rule to Supervise Consumer Debt Collection and Consumer Reporting Markets
Banking, Consumer Protection The Consumer Financial Protection Bureau, or CFPB, has announced a proposed rule to include debt collectors and consumer reporting agencies under its nonbank supervision program.... Read more →
CFPB Seeks Input on Monthly Mortgage Statement
Banking, Consumer Protection The Consumer Financial Protection Bureau, or CFPB, is seeking public input on a draft monthly mortgage statement that is designed to make it easier for homeowners to understand... Read more →
CFPB Submits First Report to President and Congress
Consumer Protection The CFPB, in fulfillment of its statutory responsibility, has submitted its inaugural Semi-Annual Report to the President and Congress. The report summarizes the CFPB’s... Read more →
FTC and CFPB to Work Together
Consumer Protection Pursuant to a Memorandum of Understanding (MOU) dated January 20, 2012, the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) will work together... Read more →
CFPB Examines Payday Lending
Consumer Protection The Consumer Financial Protection Bureau, or CFPB, is convening a hearing to gather information and input on the payday lending market. The CFPB has also published its Short-Term,... Read more →
CFPB Adopts Rule to Protect Consumers Sending Money Internationally
Banking, Consumer Protection The Consumer Financial Protection Bureau, or CFPB, has adopted a rule that will increase protections for consumers who transfer money internationally. Under the new rule,... Read more →
CFPB Releases Mortgage Origination Examination Procedures
Consumer Protection The Consumer Financial Protection Bureau, or CFPB, announced a key initial step in implementing its Nonbank Supervision program — the publication of the Mortgage Origination... Read more →
CFPB Launches Non-Bank Supervision Program
Banking, Consumer Protection The Consumer Financial Protection Bureau, or CFPB, has launched its federal nonbank supervision program, one of the central new responsibilities the agency acquired with a... Read more →
CFPB Issues Bulletin on Confidential Supervisory Information
Consumer Protection The CFPB has issued a bulletin regarding the collection of information through the supervisory process and the confidentiality protection its process provides to supervised... Read more →