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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 issues confidential supervisory information bulletin
HousingWire 01/27/2015
The Consumer Financial Protection Bureau reminded supervised financial institutions, including nonbank companies that may be unfamiliar with federal supervision, of the existing regulatory requirements regarding confidential supervisory information ...
Wells Fargo, JP Morgan Settle CFPB Case
Wall Street Journal 01/23/2015
The banks settled civil claims brought by the Consumer Financial Protection Bureau and the Maryland attorney general's office. Under the settlement, filed in federal court for approval, Wells Fargo agreed to pay a $24 million fine as well as $10.8 ...
Federal Regs Making it Difficult for Members of Military to Borrow Money
The Weekly Standard (blog) 01/14/2015
Ever since the creation of the Consumer Financial Protection Bureau, or CFPB, proponents of robust economic growth and sensible regulation have been trying to rein it in. The legislation that created the Bureau – which was a provision of Dodd-Frank ... More industry voices demand CFPB take down Rate Checker
HousingWire 01/16/2015
The battle over the Consumer Financial Protection Bureau's new “borrower education tool” unveiled earlier this week is heating up, with the National Association of Mortgage Bankers now joining the Mortgage Bankers Association in calling on the CFPB to ...
CFPB Proposes 'Scorecard' To Help Colleges Rank Banks Offering Student ...
International Business Times 01/14/2015
On Wednesday the Consumer Financial Protection Bureau released a preliminary "Safe Student Account Scorecard" that colleges could use to assess product fees before they sign a contract with a financial institution. About 40 percent of college students ... CFPB releases homebuyer mortgage education tool
Housing Wire 01/13/2015
The Consumer Financial Protection Bureau released its newest consumer tool “Owning a Home” to help spur homeowner education. This is a part of the CFPB Know Before you Owe mortgage initiative announced in November 2013. The campaign's loan ... CFPB Appoints Enforcement Chief
Wall Street Journal 01/06/2015
Tony Alexis, who worked for 13 years as an assistant U.S. attorney in Washington, D.C., focusing on fraud, public corruption and white-collar crimes, was named the agency's enforcement chief this week, a CFPB spokesman said Tuesday. Mr. Alexis succeeds ...
CFPB Fails To Protect Consumers
Forbes 01/06/2015
The Consumer Financial Protection Bureau (CFPB) wasn't founded until 25 years after Ronald Reagan uttered his famous line, “The nine most terrifying words in the English language are: 'I'm from the government and I'm here to help.'” Yet, few agencies ...
Recent Events
Rulemaking
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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