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Home > Federal Government Affairs > Dodd-Frank Resource Center
Dodd-Frank Resource Center
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which passed on July 21, 2010, is unprecedented in magnitude and will impact every sector of the financial services industry. Among the act’s many provisions is the creation of the Consumer Financial Protection Act (CFPB).
To help its members keep track of the latest developments in the act’s implementation, AFSA has created a resource center with news articles, important dates, a bill overview, and rulemakings.
Latest Developments

US CFPB director says training managers to create fairer workplace
Reuters 07/30/2014
WASHINGTON (Reuters) - The head of the U.S. consumer watchdog told lawmakers on Wednesday that new managers at the agency initially did not get enough training about creating a fair workplace for women and minority employees, an "oversight" he ...

CFPB proposes HMDA rule changes
Housing Wire 07/24/2014
The Consumer Financial Protection Bureau proposed a new rule in order to improve information reported about the residential mortgage market and communication with consumers. The new rule is aimed at helping shed more light on consumers' access to ...

CFPB, FTC file 9 lawsuits against deceptive foreclosure firms
Housing Wire 07/23/2014
The Consumer Financial Protection Bureau, the Federal Trade Commission and 15 states are filings 9 lawsuits against companies and individuals that collected more than $25 million in illegal advance fees with false promises to prevent foreclosures.

Complaints about the CFPB's complaint database
The Hill (blog) 07/22/2014
Last week, as reported here, the Consumer Financial Protection Bureau (CFPB) released a proposed policy statement for comment. The CFPB plans to expand its existing consumer complaint database to include narrative information, rather than the more ...

CFPB tackles prepaid card complaints
The Hill 07/21/2014
"Today we are taking another important step to expand the bureau's handling of consumer complaints," CFPB Director Richard Cordray said in a statement. "By accepting consumer complaints about prepaid products and certain other services, we will be ...

CFPB wants to share your banking horror stories with the public
Business Journal 07/16/2014
The Consumer Financial Protection Bureau wants to give unhappy banking customers a chance to share their stories with the public. Since it opened in 2011, the bureau has received more than 400,000 complaints from consumers about financial products ...

CFPB sues 'debt collection lawsuit mill'
The Hill 07/15/2014
The Consumer Financial Protection Bureau filed a lawsuit against a Georgia company it called a “debt collection lawsuit mill.” The watchdog claimed Monday that the firm, Frederick J. Hanna & Associates, spooks consumers with deceptive court filings and ...

Payday lender to pay $10 mln over collection tactics -CFPB
Reuters 07/10/2014
The U.S. Consumer Financial Protection Bureau has been probing payday lenders, which offer small loans that carry high interest rates and must be paid back quickly. Consumer advocates say the loans trap borrowers in a cycle of debt. The CFPB has said ...

Recent Events
July 16, 2013
AFSA staff met with CFPB Fair Lending and Enforcement officials about fair lending compliance for the indirect vehicle finance industry.
May 9, 2013
AFSA Chairman Tim Stanley met with U.S. Senator Jack Reed (D-RI) to discuss the National Defense Authorization Act and reforms to military lending rules.
February 20, 2013
AFSA staff attended the CFPB's Consumer Advisory Board meeting.
February 13, 2013
AFSA staff attended a panel discussion organized by law firm Dickstein Shapiro on information sharing between the Consumer Financial Protection Bureau, Federal Trade Commission, and state attorneys general.
October 5, 2012
AFSA staff met with CFPB officials to discuss the Bureau’s proposed rules on mortgage servicing. 
August 13, 2012
AFSA staff attended a roundtable at the CFPB on the qualified mortgage (QM)/ability to repay proposed rule and its implications for small financial institutions. The discussion took place at the request of several trade groups, including AFSA. 
February 16, 2012
Several AFSA board members and staff met with CFPB Director Richard Cordray and other senior officials to help familiarize them with the association’s membership.
February 8, 2012
AFSA President & CEO Chris Stinebert testified before the House Financial Services Subcommittee on Financial Institutions and Consumer Credit’s on “Legislative Proposals to Promote Accountability and Transparency at the Consumer Financial Protection Bureau.”
January 19, 2012
AFSA staff attended the CFPB's field hearing in Birmingham, Ala. on payday lending
January 4, 2012
AFSA issued a statement regarding President Obama's recess appointment of Richard Cordray as CFPB Director.


Additional AFSA Resources

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).

 Credit Card PowerPoint Presentation

 Vehicle Finance PowerPoint Presentation

 Mortgage Webinar PowerPoint Presentation

 Personal Loans Webinar PowerPoint Presentation

AFSA has compiled two white papers dealing with the Dodd-Frank Act.

White Paper on Dodd-Frank Act

White Paper on Preemption

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