by Valerie L. Hletko and Sarah E. Hager
A centerpiece of CFPB supervision is service provider oversight but assigning roles is not always straightforward. A lack of clarity may lead to duplicative, simultaneous oversight. While there is substantial...
The Dodd-Frank Act contemplates the creation of a new
Consumer Financial Protection Bureau (CFPB) within the Federal Reserve. CFPB
would be responsible for consumer protection over financial products and
services offered by both banks and nonbanks, including...
In the 1970s, the expression “future shock” made its way into common use. It started, of course, with Alvin Toffler’s hugely successful book with that phrase as its title. Like others, Toffler had observed the overwhelming effects on...
Passage of the landmark Dodd-Frank Wall Street Reform and
Consumer Protection Act, the most far-reaching financial regulatory legislation
since the Great Depression, has set the stage for major adjustments in the
financial services industry. The Act impacts...