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CFPB Resource Center

The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which passed on July 21, 2010, created the Consumer Financial Protection Bureau (CFPB). Among other things, Congress gave the CFPB the authority to: (1) write rules, supervise certain financial services companies, and enforce federal consumer financial protection laws; (2) restrict unfair, deceptive, or abusive acts or practices; (3) collect and track consumer complaints; (4) promote financial education; (5) research consumer behavior and awareness, as well as developments in markets for consumer financial products and services; and (6) monitor financial markets.

To help its members keep track of the CFPB’s actions, AFSA has created a resource center with updates all in one place.

CFPB Public Affairs

Blog Posts, Consumer Advisories, Press Releases, Amicus Briefs and Reports 


Latest Developments

CFPB Cites Mortgage Lender for False Advertisements
American Banker 04/09/2015
CFPB Cites Mortgage Lender for False Advertisements. by Rachel Witkowski. APR 9, 2015 2:41pm ET. Mortgage lender RMK Financial Corp. is facing a $250,000 fine by the Consumer Financial Protection Bureau on grounds that it used deceptive advertising ... Lenders' outcry against CFPB 'narratives' is justified
Automotive News (blog) 04/08/2015
It's no wonder auto lenders cried foul last month when the Consumer Financial Protection Bureau announced its plan to begin posting consumers' first-person tales of their grievances with auto loans later this year. Lender trade groups issued statements ... CFPB Launches Effort To Bring Financial Education To Schools
The Consumerist 04/08/2015
“We have watched too many Americans struggle to manage their affairs within our complex financial system,” CFPB Director Richard Cordray said in a statement. “Financial education in our schools is critical to the financial well-being of future ... Washington's Latest Bank Heist
Wall Street Journal 04/06/2015
Federal regulators extorting settlement money out of big banks is an old story in the Obama Administration. But most of the cash extracted to date has been justified in the name of punishment for the financial crisis. Now the Justice Department is ... What lenders need to know about CFPB's mortgage shopping toolkit
HousingWire (blog) 04/06/2015
On March 30, the Consumer Financial Protection Bureau published a revised consumer publication related to mortgage loans. This publication, a replacement of the “Settlement Cost Booklet” or “Special Information Booklet,” is a widely anticipated ... Sen. Crapo: Dodd-Frank, CFPB Rules Must be Included in 10-Year Regulatory ...
National Mortgage Professional Magazine 04/01/2015
Unfortunately, included in the Federal Register for this 10-year review are two footnotes that suggest Consumer Financial Protection Bureau (CFPB) rules and new Dodd-Frank regulations that have recently gone into effect will not be evaluated. The bill ...
Cheat Sheet: CFPB's Game-Changing Plans to Rein in Payday Lenders
American Banker 03/26/2015
WASHINGTON — After releasing successive studies on the payday industry over the past two years, the Consumer Financial Protection Bureau is finally set to unveil Thursday sweeping proposals that could fundamentally change the business of short-term ... Senator's Budget Amendment Targets 'Reckless' CFPB
The MReport 03/24/2015
CFPB A Georgia senator has introduced amendments to the Senate's 2015 Budget Resolution regarding what he calls the “reckless” Consumer Financial Protection Bureau (CFPB). United States Sen. David Perdue (R-Georgia) said in a press release, the ... US Senator: CFPB is rogue agency dishing out malicious financial policy
HousingWire 03/23/2015
It's clear that the Consumer Financial Protection Bureau and its behavior elicit strong opinions from Capitol Hill and beyond. Earlier this month, House Financial Services Committee Chairman Jeb Hensarling, R-Texas, called the CFPB the “single most ...
Former High-Ranking CFPB Official Moves to WilmerHale
Wall Street Journal (blog) 03/23/2015
A high-ranking official with the Consumer Financial Protection Bureau who helped shape the new regulatory body is jumping the fence into private practice. Michael Gordon, most recently senior counselor to CFPB Director Richard Cordray, plans to join ... Collection Law Firm Uses Recent Ruling Against CFPB to Bolster FDCPA ...
InsideARM 03/20/2015
A federal judge in Indiana last week dismissed part of an enforcement action brought by the Consumer Financial Protection Bureau (CFPB) against a for-profit college under the Truth in Lending Act (TILA) because TILA actions are subject to a one-year ...
Over Banker Objections, CFPB Invites More Detailed Complaints
American Banker 03/19/2015
Over Banker Objections, CFPB Invites More Detailed Complaints. by Rachel Witkowski. MAR 19, 2015 1:42pm ET. WASHINGTON — The Consumer Financial Protection Bureau finalized a contentious policy Thursday allowing customers to describe their ... CFPB Finds Arbitration Harms Consumers, Presaging New Rules
Bloomberg 03/10/2015
(Bloomberg) -- Financial companies routinely use mandatory arbitration to block class-action lawsuits, making it difficult for consumers to win big payouts in disputes over credit cards and other products, a U.S. regulator found. When credit-card ... Past discrimination at Richard Cordray's Consumer Financial Protection Bureau ...
cleveland.com 03/10/2015
WASHINGTON, D. C. - Last year, the Consumer Financial Protection Bureau, which is headed by ex-Ohio Attorney General Richard Cordray, faced complaints it discriminated against its female, minority, and older employees. Congress conducted hearings on ...
Congress: Bipartisan Committee Should Replace CFPB Director
Reverse Mortgage Daily 03/09/2015
A bill introduced last week in the House of Representatives wants to change the leadership structure of the Consumer Financial Protection Bureau (CFPB) from a sole director-led agency to one headed by a multi-member commission. Introduced by ...
Recent Events
CFPB Supervision and Enforcement

Consent Orders and Complaints, Petitions to modify CIDs, Exam Manuals, Notices, Guidance, Rules, and Information Collection

The CFPB & Congress
  • H.R. 5062: to amend the Consumer Financial Protection Act of 2010 to specify that priviledge and confidentiality are maintained when information is shared by certain nondepository covered persons with Federal and State financial regulators, and for other purposes.
  • H.R. 5403: to nullify certain guidance of the Bureau of Consumer Financial Protection and to provide requirements for guidance issued by the Bureau with respect to indirect auto lending.
  • H.R. ___: to amend the Fair Credit Reporting Act to improve the consumer reporting system, and for other purposes.
  • H.R. 5405: to make technical corrections to the Dodd-Frank Wall Street Reform and Consumer Protection Act, to enhance the ability of small and emerging growth companies to access capital through public and private markets, to reduce regulatory burdens, and for other purposes.
  • S. 2829: A bill to require certain financial regulators to determine whether new regulations or orders are duplicative or inconsistent with existing Federal regulations, and for other purposes.
  • Rep. Carolyn Maloney (D-NY) Sept. 10 letter on checking account overdraft practices.
  • House Finance Services Chairman Jeb Hensarling (R-TX) Sept. 17 letter on CFPB "disparate impact" methodolgy
  • Government Accountability Office September 2014 report, "CFPB: Some Privacy and Security Procedures for Data Collections Should Continue Being Enhanced"


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