- What is the "Consumer Financial Protection Bureau"?
- What is the “Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act)?”
- How is the Dodd-Frank Act related to the Consumer Financial Protection Bureau?
- Does the Consumer Financial Protection Bureau affect your company--as a lender or servicer--or is your company exempt?
The purpose of this blog is to explain--in simple, straightforward, apolitical, digestible language--what the Consumer Financial Protection Bureau (“CFPB”) is, who it affects (in terms of which institutions are subject to its rules and oversight), what major rules the CFPB has rolled out since its creation a few years ago, and cases of interest filed by the CFPB.
To a lesser extent, I’ll also touch on the Dodd-Frank Act and its connection with the CFPB (it essentially created the CFPB). I'll provide a clearer understanding of the CFPB, its rules, who the rules apply to, and relevant cases filed by the CFPB. While this blog was created with lenders and servicers in mind as its primary audience, anyone looking for a better understanding of what the CFPB is and what it does should get something from this.