Top Regulators to Testify on Dodd-Frank Progress
The nation’s top financial regulators will testify before the Senate Banking Committee on Thursday regarding the progress of the Dodd-Frank Act.
Obama Names Mary Jo White New SEC Chief
President Obama on Thursday named Mary Jo White as the new chairwoman of the SEC, taking over from Elisse Walter.
Top 13 Regulatory Predictions for 2013
Former SEC Commissioner Annette Nazareth, who’s now with Davis Polk & Wardwell, and her colleague Gabriel D. Rosenberg released in early January their list of 13 key regulatory predictions for this year.
CFPB to Police Debt Collectors
The CFPB published a rule Wednesday that will allow the agency to federally supervise the larger consumer debt collectors.
CFPB Proposes to Ease Credit Card Access for Stay-at-Home Spouses
The bureau's fix would clarify a CARD Act rule that is intended to protect college students but has ensnared non-income-earning spouses and partners.
CFPB Orders Amex Units to Repay $85M on Illegal Practices
The CFPB says the companies violated consumer protection laws “at every stage” that ranged from marketing practices to enrollment, payment and debt collection.
CFP Board to CFPB: Seniors Drowning in Alphabet Soup of Advisor Credentials
To help thwart the rising use of misleading or fraudulent designations and certifications, the CFP Board is urging the Consumer Financial Protection Bureau to create a ratings system for such credentials.
CFPB Rolls Out Financial Aid Shopping Sheet as Student Debt Tops $1 Trillion
As outstanding student loan debt has surpassed the debt consumers hold in credit cards and car loans, the CFPB has just completed a form colleges can use to break down costs and payment options.
CFPB Launches Fact-Finding Mission on Elder Abuse
As the White House was holding a symposium Thursday to raise awareness of elder abuse, the director of the CFPB issued a request for information on best practices for elder financial management.
Banks Report $31 Billion in Overdraft Fees in 2011 as CFPB Ponders New Rules
The amount has caught the attention of the Consumer Financial Protection Bureau, which is reviewing bank overdraft practices.