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President Obama Considers Candidates for CFPB Director Position
Earlier this week, Bloomberg reported that President Obama has created a short list of candidates to lead the Consumer Financial Protection Bureau (CFPB). The list includes Elizabeth Warren, Assistant to the President…
CFPB and States Agree to Joint Statement of Principles
Earlier this week, Elizabeth Warren, on behalf of the Consumer Financial Protection Bureau (CFPB), announced a cooperative working agreement with a group of state attorneys general. Specifically, Ms. Warren introduced…
Court Refuses to Enjoin Impact of Financial Reform Legislation
On April 4, the U.S. District Court for the District of South Dakota denied TCF National Bank’s motion to preliminarily enjoin enforcement of the Durbin amendment to the Dodd-Frank financial reform legislation, which…
Consumer Financial Protection Bureau's Top Enforcer Outlines Agenda
In a March 8 speech to the National Association of Attorneys General (NAAG), Richard Cordray, the top enforcement official for the new Consumer Financial Protection Bureau (CFPB), outlined his agenda for enforcement…
FTC and Federal Reserve Issue Proposed Amendments to the Risk-Based Pricing Rule
Earlier this week, the Federal Trade Commission (“FTC”) and the Federal Reserve Board issued proposed amendments to the Risk-Based Pricing Rule (“Rule”) that would require creditors to disclose credit score information…