EFF: “The Consumer Finance Protection Bureau has proposed a new “Personal Financial Data Rights” rule that will force your bank to make it easy for you to extract your financial data so that you can use it to comparison shop for a better offer, and switch to another bank with just a few clicks. This… Continue Reading
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Search Results for: CFPB
CFPB Publishes New Bulletin Analyzing Rise in Crypto-Asset Complaints
“Today, the Consumer Financial Protection Bureau (CFPB) released a new complaint bulletin that highlights complaints the CFPB received related to crypto-assets. Consumers most commonly reported being victimized by frauds, theft, account hacks, and scams. Consumers also had issues with executing transactions and transferring assets between exchanges. Many consumers had issues with accessing funds in their… Continue Reading
CFPB techies blast talk of taking down complaint portal
FCW.com: “…Created by the 2010 Dodd-Frank law, the Consumer Financial Protection Bureau is one of the first federal examples of bringing in outside tech talent to deliver government services. “If you’re going to build a government agency from scratch, you’re going to get the chance to do things differently,” one former CFPB senior official told… Continue Reading
Request to archive the CFPB Consumer Complaint Database receives positive response
Ben Amata – GOVDOC-L – Request to GPO – Please catalog CFPB Consumer Complaint database as public access may be removed. GPO’s reponse: “This site is harvested twice a year. For the Consumer Complaint database, the Web Archive team was not able to capture the database user interface in such a way that it functions… Continue Reading
Public access to CFPB Consumer Complaint Database may end according to Mulvaney
The New York Times: “Financial companies have worked to diminish the Consumer Financial Protection Bureau’s powers since the day the agency was created. Now, they’re on the brink of having one of their top demands granted: an end to the regulator’s public database of complaints about their products and services. Since 2011, the bureau has… Continue Reading
Crapo, Hensarling File Amicus Brief in Support of CFPB Acting Director Mulvaney
Follow-up to recent posting – CRS – D.C. Circuit Upholds as Constitutional the Structure of the CFPB – news from Congress – On March 2, 2018, “38 Senators and 75 Representatives, led by Senate Banking Committee Chairman Mike Crapo (R-Idaho) and House Financial Services Committee Chairman Jeb Hensarling (R-Texas), filed an amicus brief in support… Continue Reading
CRS – D.C. Circuit Upholds as Constitutional the Structure of the CFPB
D.C. Circuit Upholds as Constitutional the Structure of the CFPB – Part I. Todd Garvey, Legislative Attorney; Jared P. Cole, Legislative Attorney. February 12, 2018. “The entire U.S. Court of Appeals for the District of Columbia Circuit (D.C. Circuit) issued a potentially important decision on January 31, upholding the structural design of the Consumer Financial… Continue Reading
CRS Update: Who’s the Boss at the CFPB?
UPDATE: Who’s the Boss at the CFPB? – Valerie C. Brannon Legislative Attorney Jared P. Cole Legislative Attorney. January 11, 2018. “Update: On January 10, 2018, the U.S. District Court for the District of Columbia denied Leandra English’s request for a preliminary injunction, ruling that the Federal Vacancies Reform Act (Vacancies Act) authorized the President to… Continue Reading
Statute that created CFPB documents succession plan in absence of director
The Intercept – “As soon as Richard Cordray, the current director of the Consumer Financial Protection Bureau, officially resigns — which could happen as soon as this week — we are told President Donald Trump will choose Mick Mulvaney, the current director of the Office of Management and Budget, to run the CFPB on a… Continue Reading
Letters to Regulators 17 Organizations Comment on CFPB Request for Information Regarding Consumer Access to Financial Records
Americans for Financial Reform – Letters to Regulators: 17 Organizations Comment on CFPB Request for Information Regarding Consumer Access to Financial Records, February 21, 2017. “…Thank you for this opportunity to respond to the Consumer Financial Protection Bureau’s (“CFPB”) request for information regarding consumer-permissioned access to financial account and account-related data in usable electronic form.… Continue Reading
GAO Reports – Air Traffic Control, Financial Audits of Federal Reserve, CFPB, FHFA, SEC, Preventing llicit Drug Use
Air Traffic Control: Experts’ and Stakeholders’ Views on Key Issues to Consider in a Potential Restructuring, GAO-17-131: Published: Oct 13, 2016. Publicly Released: Nov 15, 2016. Corporate Shareholder Meetings: Proxy Advisory Firms’ Role in Voting and Corporate Governance Practices, GAO-17-47: Published: Nov 15, 2016. Publicly Released: Nov 15, 2016. Federal Reserve: Additional Actions Could Help… Continue Reading
Court rules CFPB organizational structure is unconstitutional
WSJ.com – Appeals Court Deals Setback to Consumer-Watchdog Agency. Federal three-judge panel rules CFPB’s structure is unconstitutional but rejects idea of shutting down agency. New York Times – Court Gives President More Power Over Consumer Agency Chief – An appeals court panel said the director of Consumer Financial Protection Bureau was too independent, so it gave the president the… Continue Reading
