By: Jeffrey Lapin
The Consumer Financial Protection Bureau (CFPB) regulates consumer financial products and services, such as mortgages and credit cards. Here are some of the more noteworthy actions and announcements by the CFPB from November 2012:
- Initiative Will Help Streamline Disparate Datasets and Support Regulators’ Efforts to Monitor the Market: Federal Housing Finance Agency and Consumer Financial Protection Bureau to partner on development of National Mortgage Database
- The Federal Reserve Board (Board) and the Consumer Financial Protection Bureau (CFPB) today announced increases in the dollar thresholds in Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing) for exempt consumer credit and lease transactions: Agencies announce increases in dollar thresholds in Regulation Z and M for exempt consumer credit and lease transactions
- Disclosure Requirements Will Be Integrated into CFPB’s Final Mortgage Disclosure Forms Instead of Taking Automatic Effect in January: Consumer Financial Protection Bureau extends effective date for new mortgage disclosures
- Nationwide Sweep of Ads Targeting Older Americans and Veterans Leads to Formal Investigations: Consumer Financial Protection Bureau Warns Companies Against Misleading Consumers with False Mortgage Advertisements
- Companies must provide consumers easy access to their consumer reports: Consumer Financial Protection Bureau issues warning to nationwide specialty consumer reporting agencies
Source: Inside the Bureau | Newsroom
The Consumer Financial Bureau was created as part of the 2010 Dodd–Frank Wall Street Reform and Consumer Protection Act. It is currently lead by Director Richard Cordray.
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