What Are You Looking For?
 
Share This Page
Twitter   Facebook   Google+   LinkedIn   Send To A Friend  
 
Home > Federal Government Affairs > CFPB Resource Center
 
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

Car Trouble at the CFPB
National Review Online 02/26/2015
The Dodd-Frank law that set up the Consumer Financial Protection Bureau said that the new agency could not regulate car dealers. It's trying to regulate them anyway. I wrote about what it's doing, and the bipartisan opposition it's inspiring, at Bloomberg. CFPB Aims To Streamline Consumer Credit Agreement Process
PYMNTS.com 02/26/2015
The Consumer Financial Protection Bureau wants to give credit-card issuers — and itself — a break. Specifically, on Tuesday (Feb. 24) the CFPB proposed a one-year break from the requirement that card-issuing banks submit their consumer card ...
CFPB Proves Its Critics Right
Bloomberg View 02/25/2015
The Consumer Financial Protection Bureau, an independent agency established by the Dodd-Frank financial-regulation law in 2010, says that letting the dealers exercise discretion opens the door to discrimination based on race and sex (whether or not ... CFPB Wants Better, Faster Database Of Credit Card Agreements
The Consumerist 02/25/2015
So in order to improve the Consumer Financial Protection Bureau's public database of credit card agreements, the agency is planning to give banks a brief break from having to file those documents with the system. Under the Credit Card Accountability, ...
CFPB puts its one-stop card shopping site on hiatus: Plain Dealing
cleveland.com 02/24/2015
creditcardsfannedAP.JPG The CFPB temporarily suspends a requirement banks submit their credit card agreements for public review at a central site. Associated Press. So much for having one-stop shopping for credit card terms. The Consumer Financial ...
Does the new CFPB rate tool help people shop for a mortgage?
Chicago Daily Herald 02/21/2015
The Consumer Financial Protection Bureau deplores the fact that almost half of homebuyers it recently surveyed did not shop for a mortgage but dealt with a single loan provider. To encourage shopping, the agency has developed a "Check Interest Rate" tool. Will The CFPB Get Its Own Watchdog?
PYMNTS.com 02/19/2015
Back in 2010 and in the aftermath of the financial meltdown, the CFPB was created by passage of the Dodd-Frank Act. Its intentions were to protect consumer rights in the financial sector with authority over banks, credit unions, debt collectors ... Joseph: The CFPB just another bloated bureaucracy
The Detroit News 02/14/2015
One agency that especially should not escape a watchful eye is the Consumer Financial Protection Bureau (CFPB), which was created in 2010 as part of the contentious Dodd-Frank Act. Like so many other well-intentioned bureaucracies, CFPB quickly fell ...
CFPB Fines Lender $2M for Alleged Kickback Scheme
American Banker 02/10/2015
WASHINGTON — NewDay Financial has agreed to a $2 million fine after the Consumer Financial Protection Bureau alleged that the mortgage lender engaged in an improper kickback scheme and used deceptive marketing tactics targeted at veterans. CFPB Cites Customer Confusion in Setting Sights on Reverse Mortgages
American Banker 02/09/2015
The Consumer Financial Protection Bureau is raising concerns about the transparency and clarity of reverse mortgages based on more than a thousand complaints it received about the product. To continue, please log in, register or subscribe. Already a ... Rules are coming on payday loans to shield borrowers
Chicago Tribune 02/02/2015
The Consumer Financial Protection Bureau says state laws governing the $46 billion payday lending industry often fall short, and that fuller disclosures of the interest and fees — often an annual percentage rate of 300 percent or more — may be needed.
Rules are coming on payday loans to shield borrowers
U.S. News & World Report 02/02/2015
The Consumer Financial Protection Bureau says state laws governing the $46 billion payday lending industry often fall short, and that fuller disclosures of the interest and fees — often an annual percentage rate of 300 percent or more — may be needed.
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"

 

 
Close
Send To A Friend

Send