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Cordray Gets Recess Appointment to Head CFPB
President Obama has made a recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau ("CFPB"). The President had nominated Cordray as the Director in July, but Senate Republicans blocked…
CFPB Issues Three Interim Final Rules on Consumer Financial Protection Laws
The Consumer Financial Protection Bureau (CFPB) continues to flex its regulatory muscles under the Dodd-Frank Act. Last week the CFPB divested the Federal Trade Commission of its rulemaking authority from various…
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…