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Thursday, May 10, 2012

Consumer Financial Protection Bureau

Really good article about the Consumer Financial Protection Bureau, which I think is one of the crowning achievements of the Obama administration.  The CFPB now enforces several of the consumer protection statutes formerly enforced by the FTC, who really didn't do that much enforcing.  These statutes include the Fair Credit Reporting Act ("FCRA"), Truth in Lending Act ("TILA"), Electronic Funds Transfer Act ("EFTA"), the Fair Debt Collection Practices Act ("FDCPA") and the Real Estate Settlement Procedures Act ("RESPA").

The article can be found here - http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2012/05/09/investopedia6687.DTL.

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