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Dodd-Frank Wall Street Reform and Consumer Protection Act Consumer Financial Protection Bureau (CFPB) Request For Information

The Dodd-Frank Wall Street Reform and Consumer Protection Act is a United States federal statute signed into law on July 21, 2010. The Act was passed in response to the Great Recession of the late 2000s and... more +
The Dodd-Frank Wall Street Reform and Consumer Protection Act is a United States federal statute signed into law on July 21, 2010. The Act was passed in response to the Great Recession of the late 2000s and includes broad reforms related to many aspects of the financial and banking industry. Notable sections of the Act include stricter regulations of the derivatives market, as well as the Volcker Rule, which restricts the trading practices of FDIC-insured institutions.    less -
Wiley Rein LLP

Wiley Consumer Protection Download (April 10, 2023)

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Welcome to Wiley’s update on recent developments and what’s next in consumer protection at the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC). In this newsletter, we analyze recent regulatory...more

Troutman Pepper

Banking Groups Challenge CFPB’s RFI on Customer Service

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Banking trade groups are challenging a request for information (RFI) issued by the Consumer Financial Protection Bureau (CFPB) regarding customer service at large financial institutions. In a joint letter dated August 22, the...more

Bradley Arant Boult Cummings LLP

CFPB Issues Advanced Notice of Proposed Rulemaking on Section 1033 for Consumer-Authorized Access to Financial Data

On October 22, 2020, the CFPB issued an advance notice of proposed rulemaking (ANPR) soliciting comments on implementation of Section 1033 of the Dodd-Frank Act. As outlined in the ANPR, Section 1033 will require consumer...more

Hudson Cook, LLP

CFPB Survey Seeks Information on Costs of Small Business Finance Data Collection

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The Consumer Financial Protection Bureau (CFPB) is asking providers of small business finance to take a survey on potential up-front costs associated with complying with Section 1071 of the Dodd-Frank Wall Street Reform and...more

Womble Bond Dickinson

FTC Seeks Comment on Proposed Changes to Five FCRA Rules

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The Federal Trade Commission (“FTC”) is seeking comment on proposed changes that would clarify that five FCRA rules promulgated by the FTC apply only to motor vehicle dealers. The FTC’s proposed changes would bring several...more

Morrison & Foerster LLP

CFPB Issues RFI Seeking Information On The Impact Of The CARD Act Regulations On Small Entities And On The Consumer Credit Card...

On August 28, 2020, the Consumer Financial Protection Bureau (CFPB or Bureau) published a request for information (RFI) to gather feedback on two related, but separate, inquiries: (1) the economic impact on small entities of...more

Ballard Spahr LLP

Financial Institution Regulators Address Financial Inclusion, Expansion of Access to Credit, and Further Consumer Protection from...

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Since early June 2020 when cries for racial justice resulted in a period of social unrest in the U.S., federal and state financial institution regulators have taken meaningful, proactive steps to acknowledge financial...more

Morrison & Foerster LLP

Financial Services Report, Summer 2020

Is it just us or does March 4 — the date of our last issue — feel like a million years ago? Like you, and not necessarily in this order, we have been: doing our work; keeping up with COVID-19-related laws, guidance, and...more

Ballard Spahr LLP

CFPB Symposium on Consumer Access to Financial Records

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On February 26, 2020, the CFPB held a symposium on Consumer Access to Financial Records and Section 1033 of the Dodd-Frank Act. ...more

Ballard Spahr LLP

CFPB to hold Feb. 26 symposium on consumer access to financial records and Dodd-Frank Section 1033

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The CFPB announced that it will hold a symposium on consumer access to financial records and Section 1033 of the Dodd-Frank Act on February 26, 2020.  The event will be webcast on the Bureau’s website....more

Manatt, Phelps & Phillips, LLP

CFPB 2019 Year in Review and What to Expect in 2020

Renewed Vitality but Self-Inflicted Wounds on Constitutionality - The Consumer Financial Protection Bureau (CFPB or Bureau) had an active 2019, and we review the most significant stories here. Likewise, we discuss the...more

Ballard Spahr LLP

CFPB publishes Fall 2019 rulemaking agenda

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The CFPB has published its Fall 2019 rulemaking agenda as part of the Fall 2019 Unified Agenda of Federal Regulatory and Deregulatory Actions, which is coordinated by the Office of Management and Budget....more

Bradley Arant Boult Cummings LLP

CFPB Quietly and Proactively Acts on Its Revised CID Policy

The Consumer Financial Protection Bureau (CFPB) recently announced that it is adopting a new policy regarding Civil Investigative Demands (CIDs). Going forward, Director Kathleen Kraninger has committed to providing more...more

Ballard Spahr LLP

CFPB Releases Report and RFI on Data Collection

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On September 25, the Consumer Financial Protection Bureau issued a report on its sources and uses of data. This report was followed by a Request for Information regarding its data collection practices, published in the...more

Ballard Spahr LLP

Democratic Senators urge CFPB to continue public disclosure of complaint data

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A group of 35 Democratic Senators have sent a letter to Mick Mulvaney and Leandra English urging the CFPB to continue to publicly disclose consumer complaint information....more

Morrison & Foerster LLP

CFPB Issues RFI on Inherited Regulations

On March 26, 2018, the Consumer Financial Protection Bureau (CFPB or “Bureau”) published a Request for Information (RFI) on the CFPB’s inherited regulations and inherited rulemaking authorities. The RFI is the ninth in a...more

Ballard Spahr LLP

CFPB seeks comment on inherited regulations

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The CFPB has issued a request for information that seeks comment on its inherited regulations and inherited rulemaking authorities. Comments on the RFI must be received on or before 90 days after the date the RFI is...more

Orrick - Finance 20/20

CFPB Issues Request for Information on Adopted Regulations and New Rulemaking Authorities

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On March 14, 2018, the Consumer Financial Protection Bureau (“CFPB“) announced it was seeking public input regarding whether or not there should be amendments to pre-existing rules or new rules relating to the CFPB’s...more

Ballard Spahr LLP

CFPB seeks comment on adopted regulations

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The CFPB has issued a request for information that seeks comment on its adopted regulations and new rulemaking authorities....more

Morrison & Foerster LLP

CFPB Requests Feedback on Public Reporting of Consumer Complaints

On March 1, 2018, the Consumer Financial Protection Bureau (CFPB or “Bureau”) released its sixth Request for Information (RFI) as part of its initiative to reexamine the Bureau’s existing policies and procedures under Acting...more

Vedder Price

The CFPB: No More “Pushing the Envelope”

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On January 23, 2018, Mick Mulvaney, Acting Director of the Consumer Financial Protection Bureau (the “CFPB”), published an opinion editorial in The Wall Street Journal (the “Op-Ed”) describing his vision of the CFPB’s role in...more

Morrison & Foerster LLP

With CID Request, CFPB Follows Through on Plan to Review Functions

On January 26, 2018, the Consumer Financial Protection Bureau (CFPB or “Bureau”) published a Request for Information (RFI) in the Federal Register regarding the Bureau’s Civil Investigative Demand (CID) processes. According...more

Ballard Spahr LLP

CFPB extends comment period for small business lending RFI

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In a notice published in today’s Federal Register, the CFPB announced that it has extended the comment period on its small business lending RFI until September 14, 2017....more

Smith Debnam Narron Drake Saintsing & Myers,...

Guest Post: CFPB Issues Request for Information Regarding Small Business Lending

The CFPB has issued a Request for Information (RFI) to collect data that will shed light on how small businesses engage with financial institutions, with a particular focus on women-owned and minority-owned small businesses....more

WilmerHale

Uncertain Future For CFPB Small Business Data Rule

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On Wednesday, May 10, the Consumer Financial Protection Bureau issued a request for information (RFI) on the small-business lending marketplace — the first step in an anticipated rulemaking pursuant to Section 1071 of...more

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