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Congress Has More Questions for Cordray
Following his testimony on March 29 before the Financial Services Committee of the U.S. House of Representatives, the chairs of two of the Committee's Subcommittees have requested additional information from Richard…
CFPB and FTC Issue Annual Reports on the Fair Debt Collection Practices Act
The FTC and CFPB have issued reports on their FDCPA enforcement actions and other FDCPA related activities in 2011. The FTC previously had responsibility for issuing annual reports on FDCPA enforcement but the…
CFPB Proposes New Rule on Privileged Information
The Consumer Financial Protection Bureau (CFPB) published a proposed rule today, clarifying that legally privileged information will retain its privilege even if submitted to the Bureau. The rule also provides that the…
FTC Issues Annual Financial Acts Enforcement Report to Federal Reserve
On February 10, 2012, the Federal Trade Commission issued its annual financial acts enforcement report to the Federal Reserve Board. The report highlights the Commission’s enforcement and compliance activity in 2011…
CFPB Requires Money Transfer Providers to Disclose Fees to Consumers
On January 20, the Consumer Financial Protection Bureau (CFPB) adopted a final rule regarding the disclosures that US consumers must receive when they transfer money to foreign countries. The rule generally requires…