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30 Jun 2010, 10:25 am by Josh Wright
  For example, of locating the consumer protection arm in the Federal Reserve instead of the Federal Trade Commission (a solution I’ve supported), Posner writes: A consumer-protection bureau lodged in the Federal Reserve? [read post]
29 Jun 2010, 9:59 am by John Steele
  Our efforts have paid off.The bill approved by the Conference Committee provides that the new Consumer Financial Protection Bureau “may not exercise any supervisory or enforcement authority with respect to an activity engaged in by an attorney as part of the practice of law under the laws of a State in which the attorney is licensed to practice law. [read post]
29 Jun 2010, 6:00 am by Lucas A. Ferrara, Esq.
The cease-and-desist letters, as well as the Amerimod, Raymond Louis Fitch, and Global Modification cases, are being handled by Special Counsel to the Consumer Frauds and Protection Bureau Mary Alestra, Assistant Attorneys General Stephanie Sheehan, Brian Montgomery, and Laura Levine, and Deputy Chief of the Consumer Frauds and Protection Bureau Jeffrey Powell, under the supervision of Chief of the Consumer Frauds and Protection… [read post]
29 Jun 2010, 5:23 am by Alan Petrillo
A shareholder vote will decide the frequency—two or three years.The bill also creates a new consumer protection bureau housed in the Federal Reserve. [read post]
28 Jun 2010, 2:53 pm
Currently, the agency must first present actions seeking civil penalties for violations of Sec. 5 of the FTC Act to the Department of Justice so that it can decide whether to file the suit.Consumer Financial Protection BureauThe legislation would establish a new Consumer Financial Protection Bureau. [read post]
28 Jun 2010, 9:09 am by Daniel O'Rielly
  The "Dodd-Frank Wall Street Reform and Consumer Protection Act" calls for the creation of the Consumer Financial Protection Bureau, an independent agency to be housed at the Federal Reserve, with a broad mandate to regulate consumer financial services of virtually all types. [read post]
28 Jun 2010, 2:40 am by Hedge Fund Lawyer
Potential Increased Oversight by Federal Agencies There are two new federal agencies which potentially could be involved in with further regulation of hedge funds: the Consumer Financial Protection Bureau and the Financial Stability Oversight Council. [read post]
27 Jun 2010, 5:15 am by Brian Wolfman
Title X is the Consumer Financial Protection Act of 2010, which establishes the new Bureau of Consumer Financial Protection, the brainchild of Prof. [read post]
26 Jun 2010, 4:59 pm by Hedge Fund Lawyer
STRONG CONSUMER FINANCIAL PROTECTION WATCHDOG The Consumer Financial Protection Bureau Independent Head: Led by an independent director appointed by the President and confirmed by the Senate. [read post]
25 Jun 2010, 9:22 am by James Hamilton
A House-Senate conference committee has reported out the Dodd-Frank Wall Street Reform and Consumer Protection Act providing for a sweeping overhaul of the regulation of US financial services and markets. [read post]
24 Jun 2010, 3:40 pm by On behalf of Bankruptcy Legal Group
Check out unfamiliar businesses with the Better Business Bureau, the National Fraud Information Center, your state's Attorney General or a local consumer protection agency. [read post]
24 Jun 2010, 6:00 am by Lucas A. Ferrara, Esq.
The cease and desist letters announced today, as well as the Amerimod, Raymond Louis Fitch, and Global Modification cases, are being handled by Special Counsel to the Consumer Frauds and Protection Bureau Mary Alestra, Assistant Attorneys General Stephanie Sheehan, Brian Montgomery, and Laura Levine, and Deputy Chief of the Consumer Frauds and Protection Bureau Jeffrey Powell, under the supervision of Chief of the Consumer Frauds and… [read post]
22 Jun 2010, 7:35 am by admin
House Financial Services Committee Chairman Barney Frank (D-Mass.) has proposed to include in financial regulatory reform legislation (H.R. 4173) language that would establish a Consumer Financial Protection Bureau at the Federal Reserve, rather than… Read this entire article for free, activate your free 15 day trial access to Banking Report now. [read post]
21 Jun 2010, 5:59 pm by Jeff Sovern
Excerpts from the Committee statement follow: Recede to Senate on provisions relating to the structure of the Consumer Financial Protection Bureau (Bureau). [read post]
17 Jun 2010, 6:57 am by Rebecca Tushnet
Dealt with consumers already underwater, in bankruptcy/foreclosure—debt collection practices kicked them when they were down. [read post]
16 Jun 2010, 12:06 pm by Josh Wright
Mistaken inferences and the resulting false condemnations “are especially costly, because they chill the very conduct the antitrust laws are designed to protect. [read post]
16 Jun 2010, 11:21 am by David Zaring
” • Consumer Protection Agency: The Committee favors the House bill establishing an independent consumer protection agency, calling it “preferable to the Senate approach of placing this function in the Fed, the only purpose of which is to give the Bureau a claim on Fed profits. [read post]
14 Jun 2010, 1:57 pm by randal shaheen
Despite the lack of a clear standard, he seemed to suggest, companies were effectively on notice We note that these standards also are expected to be employed by the proposed Bureau of Consumer Financial Protection under the pending financial reform bill. [read post]
9 Jun 2010, 2:30 pm by Lucas A. Ferrara, Esq.
The Federal Trade Commission (FTC), the nation's consumer protection agency, cautions consumers and businesses to be on the alert for fraudulent activity related to the explosion aboard the Deepwater Horizon drilling rig and the resulting spill - and to report their experiences to federal and state authorities. [read post]