Dodd-Frank Consumer Protection
CFPB Issues Flurry of Interim Rules
Consumer Protection The Consumer Financial Protection Bureau has issued a flurry of interim rules. The rules include: Notice provisions for state officials to notify the CFPB of certain matters; Procedures for investigations; Procedures for certain adjudications; and Freedom of Information Act procedures. Check dodd-frank.com frequently for updates on the Dodd-Frank Act and other important securities law matters. Read more →
CFPB Issues Interim Rule on Alternative Mortgages
Banking, Consumer Protection The CFPB has issued an interim rule to fill a regulatory gap. Some lenders are chartered or licensed by states, while others operate under federal charters. For years, state... Read more →
CFPB Releases Report on Issues Facing Users of International Money Transfers
Banking, Consumer Protection A report released by the Consumer Financial Protection Bureau, or CFPB, recommends principles for maximizing consumers’ ability to receive and use exchange rate information when... Read more →
CFPB Report Examines Differences Between Credit Scores Consumers and Lenders Receive
Banking, Consumer Protection The Consumer Financial Protection Bureau, or CFPB, released a report examining the differences between credit scores sold to consumers and scores used by lenders to make credit... Read more →
CFPB Outlines Bank Supervision Approach
Banking, Consumer Protection The Consumer Financial Protection Bureau, or CFPB, has outlined the agency’s approach to supervising large depository institutions to ensure compliance with federal consumer... Read more →
Federal Reserve and FTC Issue Final Rules to Implement the Credit Score Disclosure Requirements of the Dodd-Frank Act
Banking, Consumer Protection The Federal Reserve Board and the Federal Trade Commission have issued final rules to implement the credit score disclosure requirements of the Dodd-Frank Wall Street Reform and... Read more →
CFPB Seeks Public Input on Key Element of Nonbank Supervision Program
Banking, Consumer Protection The Consumer Financial Protection Bureau, or CFPB, has issued a Notice and Request for Comment seeking public input on a key element of the agency’s nonbank supervision program:... Read more →
CFPB Stakes Out Turf
Consumer Protection Section 1063(i) of the Consumer Financial Protection Act of 2010 (“Act”), which is otherwise known as Title X of the Dodd-Frank Act, requires the Bureau of Consumer Financial... Read more →
CFPB Seeks Comments on Mortgage Disclosure Form
Banking, Consumer Protection The Consumer Financial Protection Bureau, or CFPB, has announced the Know Before You Owe project, an effort to combine two federally required mortgage disclosures into a single,... Read more →
Federal Reserve Proposes Rule under Regulation E to Create New Consumer Protections for Remittance Transfers
Banking, Consumer Protection The Federal Reserve Board has requested public comment on a proposed rule that would create new protections for consumers who send remittance transfers to recipients located in a... Read more →