Originally published in Thomson Reuters' UCC Law Journal on November 1, 2012.
Table of Contents:
Establishment Of The Consumer Financial Protection Bureau (CFPB)-
Designated Transfer Date; Key Denitions; Covered Persons; Consumer Financial Protection Functions; Federal Consumer Financial Law and Enumerated Consumer Laws; Unfair, Deceptive and Abusive; Transfer of Functions; Federal Banking Agencies and National Credit Union Administration (“NCUA”); Federal Trade Commission (“FTC”); Department of Housing and Urban Development (“HUD”); and Recess Appointment of Richard Cordray.
Rulemaking And Policy Development Initiatives -
Consumer Complaint System; Deposit Accounts and Overdraft Protection; Prototype Credit Card Agreement; General-Purpose Reloadable Prepaid Cards; Request for Comment on Payday Loan Practices; Revised Mortgage Disclosures; New Remittance Transfer Requirements; and Amending Account-Opening Fee Limits
Supervisory Initiatives -
Examination Procedures Released; Production of Privileged Information in Examinations; “Larger Participant” Rulemaking; and Procedures for Designating Nonbanks Posing Risks to Consumers.
Enforcement Initiatives -
“Early Warning Notice” Procedure; Bulletin on Fair Lending Enforcement; Procedural Rules Issued; and First Enforcement Action.
Please see full law journal below for more information.
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