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Bookmark or Share- Consumer Financial Protection Act - American Bankers AssociationThe Consumer Financial Protection Act of 2010 created the Consumer Financial Protection Bureau which opened its doors in 2011.
- Unfairness and Discrimination - American Bankers AssociationAct (also called the “Consumer Financial Protection Act” or “CFPA”) because “racist conduct in the financial marketplace [] can cause substantial monetary and nonmonetary harms,” and - “[d]epending on how the [discriminatory] conduct occurs (face-to-face, digital, systematic, etc.),
- ABA Statement on CFPB’s Section 1033 Final RuleFight phishing this holiday season with #BanksNeverAskThat. Check out our new graphics
- Letter to CFPB re 1034 (c) Advisory Opinion - American Bankers AssociationAlthough the CFPB frames its advisory opinion as interpreting 1034(c), that provision is silent regarding fees, customer service, and other issues. The advisory opinion imposes new prohibitions and standards that are not expressed or implied in text of the statute and are inconsistent with the agency’s interpretation of other laws.
- Letter to CFPB on Data-Sharing Rules (Section 1033)ABA urges the CFPB to tread carefully, adhering to the letter and spirit of the Section 1033 text, while being mindful that future rules do not undermine the good work that has been achieved organically by a cross-industry group of financial institutions, fintechs, and data aggregators.
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