Revised Fiduciary Powers booklet. The OCC issued the "Fiduciary Powers" booklet of the Comptroller's Licensing Manual. (582017) Revised Public
On October 11, 2016, a panel of the U.S. Court of Appeals for the D.C. Circuit held that the Consumer Financial Protection Bureau (the “CFPB”) is
On October 1, the CFPB and the Federal Reserve will co-host a webinar on the TILA-RESPA Integrated Disclosures rule. By consolidating the existing
Much of 2011 was spent in building mode at the CFPB amassing employees, transitioning regulations, and beginning consumer outreach.
The rulemaking authority of the Consumer Financial Protection Bureau (”CFPB” or “Bureau”) kicked in on July 21, 2011, and the CFPB is wasting no time in addressing the variety of financial regulatory issues facing consumers.
In a September 26, 2011 Federal Register Notice (76 Fed. Reg. 59379), the CFPB announced its intention to conduct various types of research in connection with the development of model form disclosures and that it is requesting a generic clearance approval for such research from the Office of Management and Budget (“OMB”).
In a notice published in the Federal Register on May 31, 2011, the Bureau of Consumer Financial Protection (CFPB) has identified the federal rules it will enforce.
The Federal Reserve Board announced that it does not expect to finalize three pending rulemakings under Regulation Z, which implements the Truth in Lending Act, or TILA, prior to the transfer of authority for such rulemakings to the Consumer Financial Protection Bureau, or CFPB, under the Dodd-Frank Act.
The Dodd-Frank Act responded to public criticism that the federal consumer credit protection laws were not vigorously enforced by the banking regulators, by creating a new independent watchdog for that purpose housed within the Federal Reserve.
Title X of the Dodd-Frank Wall Street Reform and Consumer Protection Act, known as the Consumer Financial Protection Act of 2010 (the CFPA), creates within the Federal Reserve System an independent bureau called the "Bureau of Consumer Financial Protection" (the Bureau).