News release: “The Consumer Financial Protection Bureau (CFPB) today outlined the agencys approach to supervising large depository institutions to ensure compliance with federal consumer financial protection laws a supervisory process that will begin on July 21, 2011. The new consumer agency is here to make sure that markets work for American families, and our… Continue Reading
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Consumer Finance Protection Bureau – Defining Larger Nonbank Participants
News release: “The Dodd-Frank Act, signed into law last year, gives the CFPB the job of supervising large banks, as well as some other types of financial companies, for compliance with federal consumer financial protection laws. While banks, thrifts, and credit unions have been subject to examinations by various federal regulators in the past, other… Continue Reading
The Consumer Financial Protection Bureau Launches Website
“The U.S. Department of the Treasury announced the launch of a beta Consumer Financial Protection Bureau (CFPB) website, ConsumerFinance.gov, a critical link to the American public for soliciting ideas on the bureaus creation and priorities and for answering questions on its work. We have the opportunity to create a brand new consumer agency from the… Continue Reading
