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Author : United States. Congress. House. Committee on Oversight and Government Reform
Publisher : Unknown
Page : 120 pages
File Size : 50,6 Mb
Release : 2012
Category : Business & Economics
ISBN : UCSD:31822038360194
Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher : Unknown
Page : 512 pages
File Size : 40,5 Mb
Release : 2017
Category : Consumer protection
ISBN : PURD:32754085117269
Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher : Unknown
Page : 534 pages
File Size : 47,9 Mb
Release : 2013
Category : Consumer protection
ISBN : MINN:31951D03670608F
Author : Consumer Financial Protection Bureau
Publisher : CreateSpace
Page : 188 pages
File Size : 40,8 Mb
Release : 2015-01-19
Category : Business & Economics
ISBN : 1507609787
The Consumer Financial Protection Bureau (CFPB or Bureau) presents this Semi-Annual Report to the President, Congress, and the American people, in fulfillment of its statutory responsibility and commitment to accountability and transparency. This report provides an update on the Bureau's mission, activities, accomplishments, and publications since the last Semi-Annual Report, and provides additional information required by the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank or Dodd-Frank Act). The Dodd-Frank Act created the Bureau as the nation's first federal agency with a mission of focusing solely on consumer financial protection and making consumer financial markets work for American consumers, responsible businesses, and the economy as a whole. In the wake of the financial crisis of 2008-2010, the President and Congress recognized the need to address widespread failures in consumer protection and the rapid growth in irresponsible lending practices that preceded the crisis. To remedy these failures, the Dodd-Frank Act consolidated most Federal consumer financial protection authority in the Bureau. The Dodd-Frank Act charged the Bureau with, among other things: - Ensuring that consumers have timely and understandable information to make responsible decisions about financial transactions; - Protecting consumers from unfair, deceptive, or abusive acts and practices, and from discrimination; - Monitoring compliance with Federal consumer financial law and taking appropriate enforcement action to address violations; - Identifying and addressing outdated, unnecessary or unduly burdensome regulations; - Enforcing Federal consumer financial law consistently in order to promote fair competition; - Ensuring that markets for consumer financial products and services operate transparently and efficiently to facilitate access and innovation; and - Conducting financial education programs. The Bureau has continued its efforts to listen and respond to consumers and industry, to be a resource for the American consumer, and to develop into a great institution worthy of the responsibility conferred on it by Congress.
Author : United States. Congress. House. Committee on Banking and Financial Services. Subcommittee on Financial Institutions and Consumer Credit
Publisher : Unknown
Page : 108 pages
File Size : 50,8 Mb
Release : 2011
Category : Business & Economics
ISBN : UCSD:31822037829447
Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit
Publisher : Unknown
Page : 88 pages
File Size : 49,8 Mb
Release : 2014
Category : Data protection
ISBN : MINN:31951D03647527Y
Author : Richard E. Gottlieb,Arthur B. Axelson,Thomas M. Hanson
Publisher : Unknown
Page : 1222 pages
File Size : 51,6 Mb
Release : 2014
Category : Class actions (Civil procedure)
ISBN : 140242261X
Author : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher : Unknown
Page : 160 pages
File Size : 51,5 Mb
Release : 2010
Category : Law
ISBN : UOM:39015090376925
Author : Paul J. Cerutti,Margaret Kolchak
Publisher : Unknown
Page : 0 pages
File Size : 51,9 Mb
Release : 2012-12
Category : Consumer protection
ISBN : 1622576373
In the wake of the worst U.S. financial crisis since the Great Depression, Congress passed and the President signed into law sweeping reforms of the financial services regulatory system through the Dodd-Frank Wall Street Reform and Consumer Protection Act. This book provides an overview of the regulatory structure of consumer finance under existing federal law before the Dodd-Frank Act went into effect and examines arguments for modifying the regime in order to more effectively regulate consumer financial markets. Also analysed is how the CFP Act changes the legal structure, with a focus on the Bureau's organization; the entities and activities that fall and do not fall under the Bureau's supervisory, enforcement, and rule-making authorities; the Bureau's general and specific rule-making powers and procedures; and the Bureau's findings.
Author : Jantiena Treurniet
Publisher : Nova Snova
Page : 0 pages
File Size : 44,6 Mb
Release : 2019
Category : Banks and banking
ISBN : 1536162272
Regulation of the banking industry has undergone substantial changes over the past decade. In response to the 2007-2009 financial crisis, many new bank regulations were implemented pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 or under the existing authorities of bank regulators to address apparent weaknesses in the regulatory regime. Chapter 1 provides a broad overview of selected banking-related issues, including issues related to "safety and soundness" regulation, consumer protection, community banks, large banks, what type of companies should be able to establish banks, and recent market and economic trends. Chapter 2 provides a broad overview of various banking topics--key concepts in banking, overview of regulation, recent banking legislation, and policy issues.Banks generally must comply with a variety of requirements to hold minimum levels of capital. Chapter3 provides a brief overview of these requirements and examines related policy issues. Chapter 4 first provides background information on the consumer data industry and various specialty areas. It then examines one prominent specialty area--consumer scoring--and describes various factors used to calculate credit scores. Next, it provides a general description of the current regulatory framework of the consumer data industry. Finally, the chapter discusses selected policy issues pertaining to consumer data reports. Chapter 5 provides an overview of consumer lending markets, pricing, and legislative efforts designed to facilitate efficient credit allocation and pricing.The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank; P.L. 111-203) established the Bureau of Consumer Financial Protection (CFPB) to implement and enforce federal consumer financial law while ensuring consumers can access financial products and services as reported in chapter 6. Chapter 7 reports on the results of the audits of the fiscal years 2017 and 2016 financial statements of the Bureau of Consumer Financial Protection, known as the Consumer Financial Protection Bureau (CFPB), which is incorporated in the enclosed Financial Report of the Consumer Financial Protection Bureau for Fiscal Year 2017.Chapter 8 provides an overview of how accounting and auditing standards are created and regulated in the private sector, the federal government, and state and local governments
Author : Olivia S. Mitchell,P. Brett Hammond,Stephen Peter Utkus
Publisher : Oxford University Press
Page : 249 pages
File Size : 54,7 Mb
Release : 2017
Category : Business & Economics
ISBN : 9780198808039
As the world's population lives longer, it will become increasingly important for plan sponsors, retirement advisors, regulators, and financial firms to focus closely on how older persons fare in the face of rising difficulties with cognition and financial management. This book offers state-of-the-art research and recommendations on how to evaluate when older persons need financial advice, help them make better financial decisions, and to identify policy options for handling these individual and social challenges efficiently and fairly. This latest volume in the Pension Research Council series, draws lessons from theory and practice, and will be of interest to employees and retirees, consumers and researchers, and financial institutions working to design better retirement plan offerings.
Author : United States. Congress. House. Committee on Financial Services. Subcommittee on Financial Institutions and Consumer Credit
Publisher : Unknown
Page : 110 pages
File Size : 44,9 Mb
Release : 2014
Category : Consumer education
ISBN : MINN:31951D038009108
Author : Richard Cordray
Publisher : Oxford University Press
Page : 256 pages
File Size : 42,7 Mb
Release : 2020-02-03
Category : Political Science
ISBN : 9780197503003
Every day across America, consumers face issues with credit cards, mortgages, car loans, and student loans. When they are cheated or mistreated, all too often they hit a brick wall against the financial companies. People are fed up with being run over by big corporations, and few have the resources or expertise to fight back on their own. It is no wonder consumers feel powerless: they are outgunned every step of the way. Since 1970, the financial industry has doubled in size. It is the biggest source of campaign contributions to federal candidates and parties, spending about $1 billion annually on campaigns and another $500 million on lobbying. The four biggest banks each now has more than $1 trillion in assets. Financial products have become a mass of fine print that consumers can hardly even read, let alone understand. Growing problems in the increasingly one-sided finance markets blew up the economy in 2008. In the aftermath, Congress created the Consumer Financial Protection Bureau. Sharing the stories of individual consumers, Watchdog shows how the Bureau quickly became a powerful force for good, suing big banks for cheating or deceiving consumers, putting limits on predatory lenders, simplifying mortgage paperwork, and stepping in to help solve problems raised by individual consumers. It tells a hopeful story of how our system can be reformed by putting government back on the side of the people, to strengthen our families, safeguard the marketplace, and establish a new baseline of fairness in our democratic society.
Author : Josh Luberisse
Publisher : Fortis Novum Mundum
Page : 107 pages
File Size : 42,6 Mb
Release : 2024-07-02
Category : Law
ISBN : 8210379456XXX
Over the past several decades, the financial landscape and its regulation have experienced unprecedented growth and transformation. This era has seen significant advancements in financial markets, along with cyclical periods of regulatory reform, often in response to crisis situations. The recent financial crisis has generated immense interest in financial regulation from policymakers, economists, legal practitioners, and academics alike, sparking comprehensive regulatory reforms. The Ultimate Guide to US Financial Regulations: A Primer for Lawyers and Business Professionals delivers an authoritative, up-to-date, and in-depth examination of the intricacies of financial regulation. With insights on banking, securities, derivatives, insurance, consumer financial protection, anti-money laundering, and international financial regulations, this comprehensive guide employs a contextual and comparative approach to explore academic, policy, and regulatory requirements. The initial sections of the guide delve into the foundational themes that underpin financial regulation: financial systems and their regulation; the structure of financial system regulation; the evolution of Financial Regulation; the role of regulatory agencies as well as their various enforcement mechanisms; as well as insurance, banking and securities regulations. The latter sections focus on the core objectives of financial regulation, and explore key topics such as deposit insurance, consumer protection regulations, safety and soundness requirements, insider trading, securities fraud, and investment advisor regulations. The Ultimate Guide to US Financial Regulations offers an indispensable resource for understanding and navigating the complex world of financial regulation, making it an essential read for professionals across the legal and business spectrum.
Author : Mallory E. SoRelle
Publisher : University of Chicago Press
Page : 302 pages
File Size : 49,8 Mb
Release : 2020-11-23
Category : Political Science
ISBN : 9780226711799
As Elizabeth Warren memorably wrote, “It is impossible to buy a toaster that has a one-in-five chance of bursting into flames and burning down your house. But it is possible to refinance an existing home with a mortgage that has the same one-in-five chance of putting the family out on the street.” More than a century after the government embraced credit to fuel the American economy, consumer financial protections in the increasingly complex financial system still place the onus on individuals to sift through fine print for assurance that they are not vulnerable to predatory lending and other pitfalls of consumer financing and growing debt. In Democracy Declined, Mallory E. SoRelle argues that the failure of federal policy makers to curb risky practices can be explained by the evolution of consumer finance policies aimed at encouraging easy credit in part by foregoing more stringent regulation. Furthermore, SoRelle explains how angry borrowers’ experiences with these policies teach them to focus their attention primarily on banks and lenders instead of demanding that lawmakers address predatory behavior. As a result, advocacy groups have been mostly unsuccessful in mobilizing borrowers in support of stronger consumer financial protections. The absence of safeguards on consumer financing is particularly dangerous because the consequences extend well beyond harm to individuals—they threaten the stability of entire economies. SoRelle identifies pathways to mitigate these potentially disastrous consequences through greater public participation.