December 2011 Articles – CFPB Journal

CFPB makes compliance a complex challenge

Banks will have to walk a fine line between sound lending and potential discrimination in the age of the Consumer Financial Protection Bureau.

President Won’t Take No for Answer on Cordray

Will President Obama finally appoint Richard Cordray as director of the Consumer Financial Protection Bureau during the next congressional recess, which will begin by Jan. 3?

CFPB Ombudsman cannot overturn examination decisions

On Dec. 8, the CFPB announced its Ombudsman’s Office for banks, nonbank lenders and consumers.

Take a look at CFPB credit card disclosure

Community banks that offer credit cards may want to check out the latest information coming from the Consumer Financial Protection Bureau.

CFPB’s impact on agricultural lending does not extend to Farm Credit System

Agricultural bankers will likely find themselves subject to additional reporting and disclosure requirements, courtesy of the Dodd-Frank Act and the Consumer Financial Protection Bureau the law established. But their biggest competition in rural America will not.

Geithner pushes for vote on CFPB director

At a press conference on Dec. 1, Treasury Secretary Tim Geithner emphasized the need for a full vote in the Senate to confirm Rich Cordray to head the Consumer Financial Protection Bureau.