Recently, the Consumer Financial Protection Bureau issued revised versions of the small entity compliance guides for the Loan Originator Rule and the
Deferred interest promotions should be more transparent, the Consumer Financial Protection Bureau told retail credit card companies in letters
It has been a busy June for the Consumer Financial Protection Bureau (CFPB) in the auto lending space. On June 9, the CFPB released a "Know Before
A federal judge dismissed several constitutional claims in a suit against the City of San Francisco over its ban on ads for sugary drinks, because
In an effort to push retailers to adopt heightened security for credit and debit cards, President Barack Obama signed an Executive Order mandating
It’s clear from the recent testimony to Congress of Holly Petraeus, Assistant Director of the CFPB’s Office of Servicemembers Affairs, that the CFPB is looking closely at various kinds of loans made to military personnel and their family members.
Section 1024(b) of the Consumer Financial Protection Act of 2010 (“Act”) directs the Consumer Financial Protection Bureau (“Bureau”) to supervise each non-depository “covered person,” as defined by the Act, that is a “larger participant of a market for...consumer financial products or services” (in addition to those providers of any size who offer residential mortgage loans, private education loans or payday loans or certain related origination and brokerage services).
The Consumer Financial Protection Bureau, or CFPB, has announced the Know Before You Owe project, an effort to combine two federally required mortgage disclosures into a single, simpler form that makes the costs and risks of the loan clear and allows consumers to comparison shop for the best offer.
On December 29, 2010, President Barack Obama signed into law the Restore Online Shoppers' Confidence Act (ROSCA).
After working through the night, the Congressional conference committee tasked with negotiating a final financial reform bill voted 27-16 to approve the bill and send it back to each chamber for a final vote on the conference report.