The coalition between state and federal consumer protection agencies that was born in the Dodd- Frank Act will soon come to fruition.
Richard Cordray, Director of the Consumer Financial Protection Bureau, told about 1,100 bankers gathered in Nashville earlier this week that the CFPB exists to help them, as well as consumers.
The CFPB’s new Office of Financial Empowerment is open for business, with a former credit union industry leader as its head.
Larger banks could see lower earnings from checking account regulation by the Consumer Financial Protection Bureau.
The Consumer Financial Protection Bureau is taking regulatory concerns about checking account overdraft fees to the next level.
The Consumer Financial Protection Bureau will convene a Small Business Review Panel to monitor the effects that the new mortgage disclosure form will have on small mortgage lending firms.
In a new publication Dodd-Frank and Community Banks: Your Guide to 12 Critical Issues, the American Bankers Association covers key areas such as capital, housing (QM and QRM), interchange, preemption and more.
CFPB opened a rule for comment that would define which debt collector and consumer reporting companies it will regulate.
The CFPB’s next area of focus looks to be checking accounts.
Richard Cordray, the director of the Consumer Financial Protection Bureau testified before the U.S. House Committee on Financial Services subcommittee on oversight and investigations Feb. 15 about the CFPB’s proposed budget.