Summary of Dodd-Frank Act, produced by DLA Piper
Section-by-section and agency-by-agency breakdown of the act's rule proposals
GAO Report on Dodd-Frank Act Regulations (November 2011)
The battle over whether to confirm Cordray as head of the Consumer Financial Protection Bureau may serve as good politics and allow both parties to rile up their bases, but there has been little evidence that the standoff has prevented the agency ...
Senate barrels toward showdown over consumer bureau nominee
The Hill 05/19/2013
Senate Republicans, however, say they will filibuster Cordray unless changes are made to the bureau, which is charged with enforcing consumer financial protection laws. Republicans want it made more accountable to Congress. Democrats argue that ...
US amasses Big Data on 10 million people; banks protest
Boston Globe 04/18/2013
The Consumer Financial Protection Bureau is demanding records from the banks and is buying anonymous information about at least 10 million consumers from companies including Experian. While the goal is to sharpen enforcement and rule-making, ...
U.S. consumer protection bureau calls for student loan solutions
The Gazette: Eastern Iowa Breaking News and Headlines (blog) 05/15/2013
WASHINGTON (Reuters) – The U.S. Consumer Financial Protection Bureau warned on Wednesday that the economy will soon feel the effects of surging student loan debt unless steps are taken to ease the burden on existing borrowers. The agency, charged ...
CFPB issues final civil penalty fund rule with request for comment
Lexology (registration) 05/13/2013
On April 26, the Consumer Financial Protection Bureau (CFPB or the Bureau) issued a final rule, effective immediately, that sets forth procedures for the administration of the Consumer Financial Civil Penalty Fund (Civil Penalty Fund or Fund).
US charges firm in first criminal case for consumer protection agency
Thomson Reuters News & Insight 05/07/2013
NEW YORK (Reuters) - Federal authorities announced fraud charges against a debt settlement company on Tuesday, in the first criminal case based on work by the new U.S. Consumer Financial Protection Bureau. A newly unsealed indictment filed in U.S. ...
US consumer protection bureau calls for student loan solutions
WASHINGTON May 8 (Reuters) - The U.S. Consumer Financial Protection Bureau warned on Wednesday that the economy will soon feel the effects of surging student loan debt unless steps are taken to ease the burden on existing borrowers. The agency ...
New penalty fund would pay victims of Dodd-Frank violations
The Hill (blog) 05/06/2013
One of hundreds of new regulations spaned by the landmark financial reform law, the rule would allow the Consumer Financial Protection Bureau to collect fines from violators and compensate their victims. The CFPB's Civil Penalty Fund is set to take ...
Consumer watchdog expands probe into auto lender industry: WSJ
(Reuters) - The Consumer Financial Protection Bureau (CPFB) expanded its probe into the car loan industry by issuing subpoenas to auto lenders over the sale of financial products like extended warranties, the Wall Street Journal reported on Thursday ...
CFPB Expands Credit Card Rule to Unemployed Spouses
American Banker (subscription) 04/29/2013
WASHINGTON — The Consumer Financial Protection Bureau Monday finalized its rule to help stay-at-home partners get a credit card. The regulation, first announced in October, allows credit card issuers to look at the income of the working spouse as ...
This Federal Proposal on Car Loans Is a Lemon
Wall Street Journal 04/28/2013
There were many contributors to the 2008 financial crisis—including unsound housing loans and mortgage-backed securities, Fannie Mae and Freddie Mac, excess leverage by major financial institutions, and regulatory failures. Car and truck loans were ...
The GOP's New Tactic Against the CFPB
Congressional Republicans have found a new way to attack the Consumer Financial Protection Bureau: They're refusing to let Director Richard Cordray testify to the House Financial Services Committee. In a letter to Cordray, committee chairman Jeb ...
CFPB's 'Creepy' Data-Gathering Worries Lawmakers
American Banker (subscription) 04/23/2013
CFPB's 'Creepy' Data-Gathering Worries Lawmakers. by Rachel Witkowski. APR 23, 2013 4:06pm ET. Print · Email · Reprints. Comment. Tweet. Republican senators accused the Consumer Financial Protection Bureau on Tuesday of invading consumers' ...
CFPB's Raj Date Starts Own Bank Advisory Firm
American Banker (subscription) 04/17/2013
Raj Date, the former deputy director for the Consumer Financial Protection Bureau, has started a bank advisory firm that will focus on consumer finance issues, including assisting mergers and acquisitions through private equity partnerships. To ...
U.S. Amasses Data on 10 Million Consumers as Banks Object
The Consumer Financial Protection Bureau is demanding records from the banks and is buying anonymous information about at least 10 million consumers from companies including Experian Plc. (EXPN). While the goal is to sharpen enforcement and ...
To help industry executives wade through the 2,300-page bill’s implications, AFSA put together a four-part webinar series in July 2010 addressing each of the association’s business segments: credit cards, mortgage, personal loans, and vehicle finance. Each of the hour-long webinars largely dealt with the new Consumer Financial Protection Bureau (CFPB).
AFSA has compiled two white papers dealing with the Dodd-Frank Act.