Last December, we wrote about the CFPB’s notice seeking public input on which regulatory requirements should be on the CFPB’s priority list for streamlining. One of the possible streamlining candidates identified by the CFPB was the Regulation E requirement to post an ATM sign about fees when such fees must also be disclosed on the ATM screen or in a paper notice.… Continue Reading
Suggestions for streamling regulations wanted
The suggestion box is officially open at the CFPB for comments from the public on which provisions of the regulations it inherited from other agencies should be the CFPB’s highest priority for streamlining.
The Dodd-Frank Act transferred to the CFPB rulemaking authority under 14 federal consumer financial laws that had previously been vested in seven other federal agencies. … Continue Reading
Raj Date’s “First 100 Days” speech: What’s coming next?
On November 1, 2011, Raj Date made a presentation to the House Financial Services Committee, outlining what the CFPB has done in its first 100 days, and previewing some of its future plans. In large part, the presentation served to underscore the CFPB’s accomplishments since July 21, including the development of the “Know Before You Owe” mortgage disclosure form, the similar disclosure relating to student loans, and the publication of the Bureau’s examination manuals. … Continue Reading