It looks like the proposed Consumer Financial Protection Agency may never see light of day. Republicans and democrats appear to be at an impasse over the amount of power and independence the CFPA would have. Senator Dodd has publicly stated that he will not go ”begging” for the 60th vote in the Senate, which makes the passage of the previously envisioned, all-powerful and independent CFPA highly unlikely. Read more here.
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Topics
- Bureau of Consumer Financial Protection
- Class Actions
- Compliance
- Consumer Financial Protection Act
- Consumer Financial Protection Agency
- Consumer Financial Protection Bureau
- Credit CARD Act
- Electronic Funds Transfer Act
- Fair and Accurate Credit Transactions Act
- Fair Credit Reporting Act
- Fair Debt Collection Practices Act
- Fair Housing Act
- Lending Discrimination
- Mortgage Foreclosures
- Preemption
- Real Estate Settlement Procedures Act
- State Consumer Protection Laws
- Truth in Lending Act
- Uncategorized
Recent Updates
- Second Circuit Panel Strikes Arbitration Agreement With Class Action Waiver
- Supreme Court In CompuCredit Corp. v. Greenwood Gives Another Victory to Proponents of Arbitration
- Defying Senate, President Obama purportedly makes recess appointment of Cordray to lead CFPB
- The Fourth Circuit Declines to Put TILA Form Over Substance
- CFPB Republishes Certain Existing FTC Rules