Search for: "Consumer Financial Protection Bureau "
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24 May 2011, 7:47 pm
" "Change is coming," warns interim Consumer Financial Protection Bureau chief Elizabeth Warren. [read post]
24 May 2011, 12:11 pm
G.O.P. lawmakers contend the new Consumer Financial Protection Bureau will be too powerful a regulator. [read post]
23 May 2011, 4:34 am
Considering that banks throw a fit a simple requirements like FINRA’s new Rule 2111, which introduces the everyone-thought-banks-already-had-that-duty duty to “have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable for the customer,” it’s unlikely we’ll see any sort of auditing reform in the near future unless the Consumer Financial Protection… [read post]
20 May 2011, 2:57 pm
Starting Monday, I will be joining the General Counsel's office at the new Consumer Financial Protection Bureau. [read post]
20 May 2011, 8:29 am
H.R. 1121, the Responsible Consumer Financial Protection Regulations Act, introduced by House Financial Services Committee Chairman Spencer Bachus (R-AL) would replace the Director of the Bureau of Consumer Financial Protection with a five person Commission, similar to the SEC. [read post]
18 May 2011, 4:12 pm
Know Before You Owe. [read post]
18 May 2011, 11:55 am
The Consumer Financial Protection Bureau was established thanks to the Dodd-Frank Wall Street Reform and Consumer Protection Act, the huge financial reform bill that was signed into law on July 21, 2010. [read post]
16 May 2011, 12:05 pm
On May 13 the House Financial Services Committee approved three bills affecting the Consumer Financial Protection Bureau (CFPB) that is a principal component of the Dodd-Frank Act. [read post]
16 May 2011, 7:32 am
It gives the Bureau of Consumer Financial Protection the authority to restrict or prohibit arbitration clauses in consumer financial agreements after the bureau completes a study and reports to Congress. [read post]
16 May 2011, 6:00 am
The changes reflect new scientific or technical data and affect flood insurance premium rates.Two consumer groups, Americans for Financial Reform and Public Citizen, are lobbying the Obama Administration to appoint Elizabeth Warren as director of the Consumer Financial Protection Bureau (CFPB). [read post]
14 May 2011, 5:32 am
As explained here by the LA Times (and as expected), the House of Representatives has passed three bills to limit the new Consumer Financial Protection Bureau's power and alter its structure: One bill would replace the powerful Senate-confirmed director position -- still without a nominee -- with a five-member bipartisan commission. [read post]
13 May 2011, 12:16 pm
Filed under: behavioral economics, behavioral economics, consumer financial protection bureau, consumer protection, economics [read post]
12 May 2011, 1:50 pm
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]
12 May 2011, 7:53 am
Senator Richard Blumenthal (D., Conn.) stated, "I welcome Sony’s strong first step toward protecting millions of consumers whose personal and financial information has been compromised. [read post]
11 May 2011, 6:59 am
Lastly, the AGs have agreed to drop the requirement that servicers provide the Consumer Financial Protection Bureau with the secret NPV formulas used to arbitrarily disqualify borrowers for loan modifications. [read post]
10 May 2011, 12:58 pm
Consumer Financial Protection Bureau, which starts work in July, and U.S. [read post]
10 May 2011, 7:22 am
Dodd-Frank is scary, and the Consumer Financial Protection Bureau is scarier. [read post]
10 May 2011, 4:39 am
In a letter to the White House that was surprising only in that it did not arrive earlier, Senate Republicans have announced their intent to filibuster ANY appointee proposed by the White House to lead the Consumer Financial Protection Bureau. [read post]
9 May 2011, 2:18 pm
TODD ZYWICKI: “As an unaccountable bureaucracy with a single head, the [Bureau of Consumer Financial Protection] will be susceptible to bureaucracy’s worst pathologies: a tunnel-vision focus on the agency’s regulatory mission, undue risk aversion and agency overreach. [read post]
9 May 2011, 6:58 am
The report called on the brand-new Consumer Financial Protection Bureau, which will have exclusive jurisdiction over mortgages, to do a better job when it opens this July. [read post]
