Expert says UDAAP is key concern

Jo Ann Barefoot is co-chair of Treliant Risk Advisors and a former Deputy Comptroller of the Currency. She recently took a few moments to answer these questions for CFPB Journal.

What Raj Date had to say on ‘the need for the CFPB’

On Sept. 15, the Consumer Financial Protection Bureau’s Raj Date delivered his first public speech in his role with the agency, titled Lessons Learned from the Financial Crisis: The Need for the CFPB at the National Constitution Center in Philadelphia.

Warren kicks off Senate bid

Harvard Professor Elizabeth Warren, credited with creating and standing up the Consumer Financial Protection Bureau, officially announced Sept. 14 that she will run for the U.S. Senate.

CFPB’s influence extends to state through AGs

First came the “joint statement of principles” between the CFPB and the state attorneys general, then there was the controversy over then-CFPB head Elizabeth Warren’s involvement in the 50-state mortgage servicer settlement negotiations lead by Iowa Attorney General Tom Miller.

CFPB shares ex parte disclosure policy

Comments submitted during the rule-making process can be made public according to the Consumer Financial Protection Bureau’s Policy on Ex Parte Presentations in Rulemaking Proceedings, made public on Aug. 19.

Will the CFPB regulate Wal-Mart?

Bankers may not be squaring off against Wal-Mart in regard to the Consumer Financial Protection Bureau, but they will be watching to see how and when the retailer will fall under the Bureau’s oversight.

ABA Casts Dire Warning About Proposed Mortgage Rules

“Piecemeal regulation” under Dodd-Frank is, and will continue to be, so costly and unsustainable that community banks must examine whether they can continue to offer certain products and services – particularly in the mortgage lending area.

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