Dykema Gossett PLLC
Dykema Gossett PLLC

Consumer Financial Protection Bureau Law Blog

CFPB Law Blog

News and analysisi of the priorities, initiatives and regulatory actions and proceedings of the Consumer Financial Protection Bureau


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Photo of Consumer Financial Protection Bureau Law Blog Jeffrey A. Iloulian
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jiloulian@dykema.com
213-457-1814
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Showing 3 posts by Jeffrey A. Iloulian.

CFPB’S Fifth Semi-Annual Report: A Brief Summary

On May 28, 2014, the Consumer Financial Protection Bureau (CFPB) issued its fifth Semi-Annual Report to the President and Congress, covering its activities from October 1, 2013 - March 31, 2014. Not surprisingly, the fifth report echoes many of the same points as the previous, fourth Semi-Annual Report, issued on November 5, 2013. In these reports, the Bureau summarizes its efforts to protect consumers in the financial marketplace and help them improve their financial lives. In the most recent report, the Bureau details how it is using consumer engagement, consumer outreach, regulation, and enforcement to ensure consumers are protected from improper conduct and to ensure access to competitive and fair markets. A brief summary of some the key points and highlights from the lengthy, 177-page fifth Semi-Annual Report are listed below:  Read More ›

CFPB To Survey Consumers on Debt Collection Experiences

In considering new rulemaking for the debt collection industry, the CFPB has decided to turn directly to consumers for input.  As set forth in the notice issued March 6, 2014, the CFPB plans to send out a survey in order to learn more about consumers' interactions with debt collection agencies. Read More ›

CFPB Warns Credit Card Companies: Be Clear and Transparent with Rewards Programs

Rewards programs have increasingly become a tipping point for consumers when deciding which credit card to apply for.  In a market with hundreds of participants, credit card companies have begun to differentiate themselves by offering unique packages of bonuses and perks to customers.  However, while rewards programs such as airline miles or cash back may seem simple, over the years the terms and conditions associated with these programs can be  more complex. Read More ›