Links in “CFPB”
- CFPB’s Cordray Speaks on Importance of Financial Literacy of Youth
CFPB's Director Cordray speaks to the President's Advisory Council on the importance of financial literacy, emphasizing the need for financial education in every school. Remarks lay out a five point action plan that includes integrated curricula, experiential learning, personal financial management, incentives for educators and parental involvement. [3/11]
- Top Video at CFPB’s YouTube Page: We Want to Hear Your Story
Of the 78 videos on the CFPB's YouTube page, the most popular is a message from Director Cordray inviting consumers to tell their story of treatment at the hands of lenders and mortgage servicers "to ensure that they're treated fairly." [3/11]
- Open Source Code Available to List HUD-approved Housing Counselors
CFPB makes available open source code to allow lenders to integrate into their websites a tool that can help consumers find local HUD-approved housing counselors, a move that may help lenders comply with housing counseling requirements under Dodd-Frank while reducing the amount of paper given to mortgage applicants. [3/11]
- CFPB Nixes its Headline-Grabbing Performance Review System
Agency responds to American Banker article that found white employees had a greater likelihood of receiving highest ratings in performance reviews over minorities by pledging to drop the current performance review system. [3/11]
- The Cost of a Lack of Checks and Balances at CFPB
The deliberate lack of oversight in the CFPB's design is showing signs that a system of checks and balances may not be such a bad idea after all. [3/10]
- A Look Inside CFPB’s Playbook
CFPB's updated strategic plan shows it intends to focus more than 45% of its staff growth over the next two years in supervision, enforcement and fair lending. [3/7]
- CFPB: $1 Million in Relief for SCRA Covered Persons Announced
CFPB announces efforts on behalf of servicemembers, veterans, and their families regarding complaints received and efforts to provide relief. From the 14,000 complaints from servicemembers for period of July 21, 2011 through February 1, 2014, $1 million in relief was provided. [3/7]
- Still Not too Late, CFPB’s Invitation to Key Board Positions Extended
The CFPB publishes the extension for potential interested parties to join the Consumer Advisory Board, Community Bank Advisory Council and/or the Credit Union Advisory Council until March 14, 2014. [3/7]
- Speaking of Disparate Impact: CFPB Ranks its White Employees Higher Than its Minorities
According to American Banker, confidential agency data it obtained show a pattern of ranking white employees distinctly better than minorities in performance reviews used to calculate raises and bonuses. [3/6]
- CFPB Headquarters Renovation Catches the Attention of OIG
Although the CFPB headquarters renovation project had been estimated to be $95 million, costs have reached $145 million. The Office of Inspector General plans to investigate. [3/6]
