Industry News
February 21, 2012
The Bureau of Consumer Financial Protection Issues Regulations
The Bureau of Consumer Financial Protection (CFPB) has issued interim final rules transferring existing regulations by other agencies to the Bureau.
The Dodd-Frank Act transferred rulemaking authority for several consumer protection laws to the CFPB that now has republished the regulations. The republished regulations track the existing regulations except to the extent are required by Dodd-Frank.
The regulations include the following areas of law:
- Equal Credit Opportunity Act
- Land Sales Registration Program
- Consumer Financial Privacy
- Fair Credit Reporting Act
- Truth in Savings
