From: The Wall Street Journal
From: CU Press
On behalf of America’s credit unions, I am writing regarding the Consumer Financial Protection Bureau’s (CFPB) recent release of the proposals for a Small Business Review Panel in accordance with the Small Business Regulatory Enforcement Fairness Act of 1996 (SBREFA) for the Fair Debt Collection Practices Act (FDCPA). Credit Union National Association (CUNA) represents America’s credit unions and their more than 100 million members.
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From: The Hill
By Tim Devaney
The Consumer Financial Protection Bureau (CFPB) pushes out rules more quickly than other federal agencies, according to a new report.
The conservative American Action Forum found that the CFPB’s “pace of rulemaking is 3.5 times faster than that of other significant executive agencies.”
From: National Law Journal
C. Ryan Barber, The National Law Journal
The Consumer Financial Protection Bureau’s proposed ban on class action waivers has generated thousands of comments, many from consumers who argue the proposal would only benefit trial lawyers. Insurance regulators have expressed their own concerns. Hundreds of law professors are backing the consumer agency’s proposed rule. U.S. lawmakers are divided. Two of the heavy-hitters in the debate—the U.S. Chamber of Commerce and, on the other side, the consumer advocacy group Public Citizen—plan to submit their positions today, when the comment period closes.
Until the Consumer Financial Protection Bureau decided to embark on its lavish, over-the-top renovation for its downtown Washington, D.C headquarters, Korean immigrant Matthew Kimwon believed he was living the American dream.
But all of his hopes and dreams vanished when federal bureaucrats at the CFPB and at the Office of the Comptroller of the Currency — which technically was the landlord — sought to unilaterally tear up his lease which still had a five-year option.