On May 23, 2012, the CFPB published an advanced notice of proposed rulemaking (ANPR) that proposes to extend Regulation E protections to GPR cards. The CFPB’s release of this ANPR coincided with the CFPB’s scheduled hearing in Durham, North Carolina on the same subject. We previously issued an e-alert summarizing the ANPR and wanted to

After suggesting six possible markets for consumer financial products and services in which it might supervise “larger participants,” the CFPB has decided that, at least for the time being, it will only supervise “larger participants” in two of those markets, namely debt collection and consumer credit reporting. 

In issuing its proposed “larger participants” rule, the

This morning, the CFPB released a proposed rule to define “larger participants” subject to its supervision and enforcement authority.  We will write more about this proposed rule after we get the chance to review it, but from an initial review of the press release, there are several interesting aspects to the proposed rule:

  • Initially, the

Nathan Newman, from an organization called Tech Progress, posted recently on Huffington Post calling for the CFPB to regulate online advertising.  I spend a lot of time working on financial services online advertising issues, so this caught my eye (and also because it was highlighted in yesterday’s Consumer Bankers Association’s SmartBrief).

Newman posits that