AFR submitted a comment letter urging the CFPB to thoroughly examine debt collectors and credit bureaus who affect millions of consumers. Supervision of debt collectors and credit bureaus enables the CFPB to detect problems early, prevent or resolve violations quickly, and have a better understanding of the consumer products and services it regulates.
Have you – or others you know – been charged an overdraft fee on your checking account? Is it unclear what the costs and benefits of overdraft systems are? Or what are the alternatives? Well, the Consumer Financial Protection Bureau (CFPB) wants to hear from
Click here to view this week’s highlights and lowlights in Wall Street Reform – March 24, 2012 – March, 30, 2012. Please note: Compiling and distributing ‘This Week in Wall Street Reform’ will be in a period of transition in the coming weeks, so please bear
Click here to view this week’s highlights and lowlights in Wall Street Reform – March 17, 2012 – March 23, 2012.
Click here to view this week’s highlights and lowlights in Wall Street Reform – March 10, 2012 – March 16, 2012.
AFR in conjunction with several public interest groups, submitted a comment letter to the CFPB in response to their request for ideas on streamlining regulation.
Click here to view this week’s highlights and lowlights in Wall Street Reform – February 25, 2012 – March 2, 2012.
Click here to view this week’s highlights and lowlights in Wall Street Reform – February 18, 2012 – February 24, 2012.
AFR welcomes the Consumer Financial Protection Bureau’s newly announced inquiry into overdraft fees, their impact on consumers, and in particular the Bureau’s focus on check re-ordering, and misleading or confusing marketing of so-called “standard” overdraft protection, a product deemed so abusive that regulators now require a consumer’s affirmative consent or “opt-in”.
“In issuing its proposed rule defining ‘larger participants ‘in the debt collection and consumer credit reporting markets the CFPB took an important step towards more accountability and fairness in the consumer financial marketplace.”