Search results
Results from the WOW.Com Content Network
The Consumer Financial Protection Bureau ( CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector. CFPB's jurisdiction includes banks, credit unions, securities firms, payday lenders, mortgage-servicing operations, foreclosure relief services, debt collectors, and other ...
The Consumer Financial Protection Bureau (CFPB) was envisioned by Elizabeth Warren while she was still a law professor at Harvard Law School. In 2010, it was established by the 2010 Dodd–Frank Wall Street Reform and Consumer Protection Act under President Barack Obama and the Democrat-led Congress.
A Consumer Financial Protection Bureau regulation that promised to save Americans billions of dollars in late fees on credit cards faces a last-ditch effort to stave off its implementation.
The Consumer Financial Protection Bureau was created after the financial crisis of 2007–2008 as part of the Dodd–Frank Wall Street Reform and Consumer Protection Act. Its structure included a director that could not be fired by the President except for cause, and the ability to request funding from the Federal Reserve rather than the United ...
Multiple banks have begun eliminating or reducing junk and non-sufficient fund fees, the CFPB said. The CFPB estimated that these changes would result in $5.5 billion in annual fee savings for ...
The Consumer Financial Protection Bureau on Friday ordered Commonwealth Financial Systems, a debt collection agency specializing in medical debt, to shut down as a result of what CFPB determined ...
The Dodd–Frank Wall Street Reform and Consumer Protection Act, commonly referred to as Dodd–Frank, is a United States federal law that was enacted on July 21, 2010. The law overhauled financial regulation in the aftermath of the Great Recession, and it made changes affecting all federal financial regulatory agencies and almost every part of the nation's financial services industry.
Consumer Financial Protection Bureau (CFPB) The Consumer Financial Protection Bureau is an independent regulatory agency within the United States Federal Reserve. The CFPB promotes fair practice by regulating consumer interactions with financial institutions. It has complete authority over institutions that do not hold consumer deposits.