On August 3, 2020, the Federal Financial Institutions Examination Council (“FFIEC”) issued a joint statement to provide prudent risk management and consumer protection principles for financial institutions to consider when working with borrowers as consumer and business loans near the end of initial loan accommodation periods during the coronavirus pandemic. The guidance notes that the
financial institutions
CFPB building its Office of Financial Institutions
By Barbara S. Mishkin on
Posted in CFPB General, Regulatory and Enforcement
The CFPB is searching for an Assistant Director to head its Office of Financial Institutions. The Office is part of the CFPB’s Division of External Affairs. Based on the job description posted by the CFPB on its website, it appears that the Office’s role will be to develop and implement the CFPB’s outreach efforts to…