Links in “CFPB”
- Obama, CFPB, And NCUA On Capitol Hill
President Barack Obama met with financial regulators offering compliments, concerns, and strategies for future improvements. [3/8/16]
- Agency-Private Sector Revolving Door Revolves Again
CFPB's general counsel and acting deputy director switches sides and joins Capital One. [3/7/16]
- Cordray’s 9-Point Plan to Fix You
The CFPB's director laid out nine goals where he hopes the CFPB will make significant progress over the next two years. Next up: to create the tools it needs to accomplish those objectives. [2/29/16]
- CFPB: Keeping the Marketplace “Fair”
The CFPB outlines its nine priority goals to protect and help consumers in the financial marketplace. [2/29/16]
- NY Times Turns Spotlight on the Plight of the Overdrafter
Articles like these, which feature a healthcare worker from Queens who had no idea why $96 was disappearing from her account each month, are the kinds of things that are sure to capture the attention of the CFPB. [2/29/16]
- Not-So-Subtle Clues that the CFPB is Coming After Overdraft Fees
The CFPB is publishing advice to consumers on how to avoid overdraft fees, it is publishing data about bank overdraft revenues, and it released its policy priorities that included overdrafts. These are ominous signs for the industry. [2/29/16]
- HMDA and Data Submission to the CFPB
The CFPB and FFIEC released two  "file specification" instructions for compliance with the updated Home Mortgage Disclosure Act (HMDA) data submission requirements. Though these requirements do not become effective til January 1, 2018, keeping up-to-date on rule changes can prevent future headaches. [2/26/16]
- Putting Debt-Collection Complaints in Context
While reports often cite the prevalence of debt-collection complaints in the CFPB's database, the ACA points out that the debt-collection industry makes more than one billion consumer contacts annually, meaning the 74,000 debt-collection complaints in the CFPB's database represents 0.0074% of the total consumer contacts through 2015. [2/26/16]
- Should the CFPB Be Called the C&SBFPB?
The "C" for "consumer" may be too limiting for the CFPB, which is seeking to expand its reach into small business lending, according to its recently released near-term priority goals. [2/26/16]
- With Friends Like These…
More about CFPB Director Cordray's speech, in which he asks the financial industry to think of the CFPB as "an important new friend and ally" in helping to serve the financial needs of the public. [2/25/16]
