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CFPB Office of Women and Minority Inclusion to propose diversity standards for regulated entities

Ballard Spahr LLP
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USA
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April 2 2013

The CFPB's Office of Women and Minority Inclusion (OMWI) has issued its first annual report to Congress covering the OMWI's activities in 2012. The

Joint FTC and CFPB effort to protect consumers

Ballard Spahr LLP
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USA
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November 16 2012

The FTC has just issued a media advisory inviting credentialed members of the media to participate in a press call that the FTC and CFPB will hold at noon EST on Monday “to announce a coordinated effort to protect consumers”

CFPB reaches out to innovators

Ballard Spahr LLP
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USA
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November 15 2012

The CFPB has announced the launch of “Project Catalyst,” which it describes as “an initiative designed to encourage consumer-friendly innovation and entrepreneurship in markets for consumer financial products and services”

Before presenting your idea . . .

Ballard Spahr LLP
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USA
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November 15 2012

I regularly work with technology innovators to help them get their ideas cleaned up for financial institutions and to give them a headstart in understanding the types of risk concerns and controls that financial institutions are going to have and want

Raj date to leave CFPB

Ballard Spahr LLP
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USA
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November 13 2012

So much for my speculation that Raj Date would succeed Richard Cordray as CFPB Acting Director should Mr. Cordray leave the Bureau next year to run for Ohio governor as expected by many pundits

Full speed ahead at the CFPB

Ballard Spahr LLP
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USA
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November 7 2012

With President Obama’s reelection and control of the Senate remaining firmly in control of the Democrats, the CFPB’s hand has strengthened

CFPB releases first “supervisory highlights” report

Ballard Spahr LLP
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USA
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November 5 2012

The CFPB’s release this week of its first “Supervisory Highlights” report reinforces concerns I previously voiced that, instead of establishing industry-wide standards through the rulemaking process, the CFPB plans to use its supervisory and enforcement authority to impose such standards

CFPB to use mystery shoppers?

Ballard Spahr LLP
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USA
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August 14 2012

Recent news reports indicate that the CFPB has placed advertisements to recruit investigators and said that the investigators’ activities are intended to inform the CFPB’s enforcement division about consumer experiences with different financial products and services