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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

Furniture Store Agrees to CFPB Fines for Debt Collection Tactics
American Banker 12/18/2014
Furniture Store Agrees to CFPB Fines for Debt Collection Tactics. by Rachel Witkowski. DEC 18, 2014 4:56pm ET. The Consumer Financial Protection Bureau joined two attorneys general in an enforcement action against Freedom Stores for how it collected ... US consumer bureau sues Sprint for phone bill 'cramming'
Reuters 12/17/2014
WASHINGTON (Reuters) - The U.S. Consumer Financial Protection Bureau on Wednesday filed a lawsuit against Sprint Corp over unauthorized charges on customers' cellphone bills, a practice known as cramming, in the agency's first foray into mobile ...
Finding Racism Where It Isn't
Wall Street Journal 12/12/2014
The 2010 Dodd-Frank Act that created the Consumer Financial Protection Bureau explicitly prohibited the agency from regulating auto dealers, which the agency would like to accuse of racism. Thus the agency has gone after wholesale finance providers ... Feds to study prepaid card users
The Hill 12/12/2014
The Consumer Financial Protection Bureau (CFPB) announced plans to begin studying how low-to-moderate income earners save money using prepaid cards. The Project Catalyst Initiative is a byproduct of the Dodd-Frank Wall Street Reform and Consumer ... CFPB Takes Action Against Two Alleged Student Debt Relief Scams
The Consumerist 12/11/2014
The CFPB, in conjunction with Florida's Attorney General Pam Bondi, shut down student debt relief company College Education Services and separately filed a lawsuit against Student Loan Processing.US for illegally marketing student debt relief services.
Who distorted what? Wording of CFPB statement will get its own investigation
Automotive News (blog) 12/10/2014
The ombudsman's office for the Consumer Financial Protection Bureau said it would conduct an independent review into complaints that the CFPB's press releases don't match the consent orders they describe -- something auto finance insiders have ... Lender group says CFPB rule would burden smaller players
Automotive News 12/09/2014
In seeking to extend its jurisdiction over “nonbank” auto lenders -- including captive finance companies and independent finance companies -- the Consumer Financial Protection Bureau is reaching for lenders that are too small, the American Financial ...
Is the CFPB Overestimating Racial Bias in Auto Loans?
American Banker (subscription) 12/05/2014
The financial services industry believes it has finally discovered proof that the Consumer Financial Protection Bureau uses flawed methods to detect possible discrimination in auto loans. But the CFPB argues the proof is flawed as well. To continue ... DoD's proposed MLA rule makes it harder for military members, all Americans to ...
The Hill (blog) 12/04/2014
The Obama administration is proposing regulations to protect military service members and their families from being abused by lenders. While the intentions are fine, the new rules would make it harder for every American – military or civilian – to ... New study slams CFPB methodology
Automotive News 11/19/2014
The statistical method the Consumer Financial Protection Bureau uses to identify which consumers belong to minority groups correctly identified African-American borrowers only 24 percent of the time. That was one of the findings of a nearly yearlong ...

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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