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Tag Archives: consumer finance

CFPB Task Force Releases Recommendations for Improving Financial Services Consumer Protection

Posted in CFPB, Regulatory Developments

On January 5, 2021, the Consumer Financial Protection Bureau (CFPB or Bureau) Taskforce on Federal Consumer Financial Law (Task Force) released a report (Report) recommending changes designed to contemporize and strengthen consumer financial protections, encourage competition and innovation, and improve inclusion and access. The Report is the product of months of study and public outreach… Read More

The CFPB and FTC Agree to Continue to Coordinate

Posted in CFPB

In March 2015, the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission (FTC) reauthorized their 2012 Memorandum of Understanding (MOU), extending it for a three-year term with a few small administrative updates. According to the FTC’s blog post, titled Peace, Love, and Understanding, the two agencies plan to continue to coordinate. The MOU covers… Read More