Links in “Agencies”
- A Survey about the Survey of Unbanked and Underbanked Households
The FDIC is seeking comments on how its survey can be improved through better understanding the challenges underbanked and underserved households face when deciding where and how to conduct financial transactions. [1/22/15]
- FTC: I’ll Call Your Debt Collection Threat and Raise You a Filed Complaint
The FTC didn't blink on illegal debt collection practices as it charged Texas-based Commercial Recovery Systems, Inc. of illegally threatening consumers with legal action and wage garnishment. The company also had their representatives falsely claim or imply that they were lawyers or judicial employees. [1/22/15]
- Prepare for the CFPB… Before It’s Too Late
Emphasized time and time again, the CFPB will not be letting go of expectations for written compliance programs anytime soon. This blog post highlights key insights into creating such a program and preparing for the CFPB. [1/21/15]
- CFPB Emphasizes Consumer Education
A new blog post from the CFPB highlights seven elements that impact the price consumers pay for credit. This is one of many efforts put forth by the CFPB to educate consumers in the lending process. [1/21/15]
- Win-Win Changes from the CFPB
The CFPB has finalized two minor changes to the "Know Before You Owe" mortgage disclosure requirements. Director Richard Cordray emphasizes that these changes will "make it easier for creditors," while also protecting consumers. [1/21/15]
- Obama Touts Dodd-Frank, CFPB in State of the Union
President Obama's State of the Union address touched on a number of issues relevant to bankers, including cybersecurity, Dodd-Frank, and the CFPB. Here's a recap. [1/21/15]
- Q&A with Internationally Renowned Cybersecurity Expert
It's clear that cybersecurity is becoming a bigger issue every day and even the big guys canât seem to fight hackers. Because of the nature of their business, financial institutions are likely to always be targets of these attacks. That's why AffirmX sat down with computer security expert Jay Ranade. See if he answers your cybersecurity questions here. [1/20/15]
- U.K.’s Regulators Take a Look at Dodd-Frank-Type of Whistleblower Protections
To incentivize, or not to incentivize? That is the question two UK financial regulators set out to answer in 2014. Their efforts focused on whether or not financial institutions should incentivize employees for whistleblowing, which is prescribed in the Dodd-Frank Act. [1/20/15]
- Fed Reserve to Resurrect Community Advisory Council
The Fed, which dissolved its consumer advisory council in 2011 when Dodd-Frank shifted consumer protection to the CFPB, has announced that it is forming a new 15-member council to advise it on economic and policy issues, particularly those related to low- and moderate-income areas. [1/19/15]
- Online Payday Lending Companies Pay Big
The two payday lending companies which were first taken to court in April of 2012 have been sentenced to pay $21 million. âIt should be self-evident that payday lenders may not describe their loans as having a certain cost and then turn around and charge consumers substantially more.â [1/19/15]
