The “complex and confusing process of taking out student loans” and the resulting serious financial hardship caused by student loan debt have prompted the Consumer Financial Protection Bureau to draft a one-page “financial aid shopping sheet.”
In the nearly two months since members of Congress held a confirmation hearing for nominee Rich Cordray, little has changed in the debate over appointing a director of the Consumer Financial Protection Bureau.
Hubert H. “Skip” Humphrey III, the former attorney general of Minnesota, has been chosen to lead the Office of Older Americans within the Consumer Financial Protection Bureau.
A hot topic among bankers and bank regulators lately has been UDAAP – Unfair, Deceptive or Abusive Acts or Practices. To gain insight into what more stringent UDAAP requirements might mean in the future for community banks, CFPB Journal interviewed Jo Ann Barefoot, co-chair of Treliant Risk Advisors.
On Oct. 13, the Consumer Financial Protection Bureau released its first Supervision and Examination Manual, the guide that CFPB examiners will use in exams with 111 banks, thrifts and credit unions with total assets over $10 billion.
Richard Cordray, President Obama’s nominee for director of the Consumer Financial Protection Bureau, cleared the first hurdle on Oct. 6 as the Senate Banking Committee voted along partisan lines to approve his nomination.
In two recent interviews, CFPB Journal spoke with Jo Ann Barefoot, co-chair of Treliant Risk Advisors and former Deputy Comptroller of the Currency.