Dodd-Frank.com

CFPB to Address Credit Discrimination

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The Dodd-Frank Act created the  Office of Fair Lending & Equal Opportunity, part of  the Consumer Financial Protection Bureau, or CFPB, to address credit discrimination.  Congress also gave the CFPB authority over two key federal fair lending statutes. The CFPB has authority over the Equal Credit Opportunity Act, which prohibits... Read More

Topics: Banking, Consumer Protection

CFPB Publishes Proposed Policy on Disclosure of Credit Card Complaint Data

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The Bureau of Consumer Financial Protection, or CFPB, is requesting comment on a proposed Policy Statement  that addresses the CFPB’s proactive disclosure of credit card complaint data. The CFPB receives credit card complaints from consumers under the terms of the Consumer Financial Protection Act of 2010. The proposed Policy Statement... Read More

Topics: Banking, Consumer Protection

CFPB Publishes Prototype Credit Card Agreement

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The Consumer Financial Protection Bureau, or CFPB, has published a prototype credit card agreement. It is important to note that it is not a model form, and use is not mandatory. The CFPB believes its approach will help consumers better understand their credit card agreements. The prototype credit card agreement... Read More

Topics: Consumer Protection

Agencies Clarify Supervisory and Enforcement Responsibilities For Federal Consumer Financial Laws

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A statement that explains how the total assets of an insured bank, thrift or credit union will be measured for purposes of determining supervisory and enforcement responsibilities under the Dodd-Frank Wall Street Reform and Consumer Protection Act was issued today by five federal financial supervisory agencies. Under section 1025 of... Read More

Topics: Consumer Protection

CFPB Inquires About Private Student Loans

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The Consumer Financial Protection Bureau, or CFPB, today announced that it is seeking information from students, schools, industry, and other stakeholders on the private student loan market.  The CFPB is interested in a complete picture of private student lending, so it is seeking a broad swath of information, including: Information... Read More

Topics: Consumer Protection