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CFPB Issues Three Interim Final Rules on Consumer Protection Laws
On December 16, 2011, the Consumer Financial Protection Bureau (CFPB) issued three interim final rules modifying three separate consumer protection laws. This is the first of likely many waves of regulation in the…
Republicans Block Cordray Nomination for CFPB Director
Yesterday, 45 Republican senators blocked a confirmation vote for former Ohio Attorney General Richard Cordray to be the first director of the Consumer Financial Protection Bureau (CFPB). Raj Date replaced Elizabeth…
The CFPB Proposes Public Disclosure of Certain Credit Card Complaint Data
On December 7, 2011, the Consumer Financial Protection Bureau (CFPB) issued a proposed policy statement addressing the public disclosure of certain credit card complaint data. Since its launch in July, 2011, the CFPB…
CFPB Releases "Progress Report"
The CFPB released a “progress report” on Monday tracking its achievements over the past year and goals for the immediate future, all part of the lead-up to the transfer of its authority from other agencies on July 21.…
President Obama Announces Plan to Nominate Former Ohio AG to Lead Consumer Financial Protection Bureau
After much speculation concerning who would be nominated to head the Consumer Financial Protection Bureau (CFPB), President Obama announced plans to nominate former Ohio Attorney General Richard Cordray for the post at…