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21 Jul 2011, 6:07 pm by James Hamilton
On the one-year anniversary of the enactment of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the House of Representatives passed legislation restructuring the Consumer Financial Protection Bureau created by the Act. [read post]
9 Aug 2010, 7:45 am by admin
With the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, a new Consumer Financial Protection Bureau (CFPB) will soon be established inside the Federal Reserve Board to “regulate the offering and provision of consumer financial products or services. [read post]
The US Court of Appeals for the Second Circuit Thursday upheld the funding of the Consumer Financial Protection Bureau (CFPB) as constitutional. [read post]
31 Oct 2010, 9:49 am by James Hamilton
Importantly, the Bureau will seek data from the consumers of financial products, with appropriate privacy protections in place. [read post]
30 Sep 2023, 7:07 pm by Howard Bashman
“Supreme Court to hear arguments on funding for financial protection agency; Case on Consumer Financial Protection Bureau could shape congressional power to fund agencies outside of normal appropriations”: Michael Macagnone of Roll Call has this report. [read post]
1 May 2012, 7:14 am by Victoria VanBuren
By Mark Kantor On April 24, the US Consumer Finance Protection Bureau (CFPB) announced that it is commencing its review of mandatory pre-dispute arbitration agreements with respect to consumer finance products and services. [read post]
4 Jun 2018, 2:04 pm by Caitlin Hannibal
On May 21, 2018, the President signed into law a bipartisan Congressional resolution disproving a rule in the form of guidance issued by the Bureau of Consumer Financial Protection about indirect lender compliance with the Equal Credit Opportunity Act. [read post]
28 Mar 2010, 6:40 pm by Jeff Sovern
by Jeff Sovern As we've noted in the past, Senator Dodd's bill subjects the proposed consumer financial protection bureau to a veto by a two-thirds vote of a Financial Stability Oversight Council. [read post]
17 Jul 2011, 9:50 pm by Jonathan H. Adler
Adler) The Columbus Dispatch is reporting that President Obama will nominate former Ohio Attorney General (and one-time Jeopardy champ) Richard Cordray to heat the new Consumer Financial Protection Bureau. [read post]
14 May 2018, 1:52 pm by Alan S. Kaplinsky
According to media reports, the FTC is expected to appoint Andrew Smith, an attorney in private practice in Washington, D.C. who currently represents many industry clients, to lead the FTC’s Consumer Protection Bureau. [read post]
12 May 2011, 1:50 pm by Kenneth Anderson
BEHAVIORAL ECONOMICS: “The Consumer Financial Protection Bureau on Wednesday tapped Sendhil Mullainathan, a leading behavioral economist, to help aid its work in crafting consumer-protection rules. [read post]
9 May 2016, 7:53 am by Mark Weidemaier
As has been expected for some time, the Consumer Financial Protection Bureau has issued a proposed rule that would prohibit companies providing consumer financial services from pairing arbitration clauses with clauses that prohibit consumers from bringing or participating in class actions. [read post]
20 Jul 2011, 5:02 am by Brian Wolfman
Elizabeth Warren's cover note for the report -- entitled "A Strong Foundation" -- underscores that a key goal of the agency is assuring that consumers understand the financial deals they are offered: The consumer bureau’s statutory obligations are designed to make markets for consumer financial products and services work in a fair, transparent, and competitive manner. [read post]
31 Jul 2012, 11:16 am by Joe Palazzolo
The Consumer Financial Protection Bureau quietly filed its first ever civil enforcement action in federal court -- and its target is a Los Angeles law firm. [read post]
16 Mar 2011, 11:42 am by James Hamilton
House Financial Services Committee Chair Spencer Bachus (R-Ala) has introduced legislation that would replace the Director of the Bureau of Consumer Financial Protection with a bipartisan Commission of five members at the Bureau, modeled on the SEC and FTC. [read post]
20 Jul 2011, 4:17 pm by James Hamilton
In addition, H.R. 1315 would needlessly delay the transfer of Federal consumer financial protection responsibilities from seven other agencies to the Consumer Financial Protection Bureau, thus continuing to foster a fragmented approach to consumer financial protection. [read post]
22 Aug 2012, 10:30 am by Todd Zywicki
(Todd Zywicki) My new article, “The Consumer Financial Protection Bureau: Savior or Menace? [read post]
19 May 2013, 9:38 am by Taras Rudnitsky
The Consumer Financial Protection Bureau CFPB) is now accepting complaints from consumers as part of their effort to monitor and improve consumer protection throughout the United States. [read post]