July 29, 2011
Warren Sends Farewell Letter to CFPB Staff; Cordray to Face...
July 29, 2011 Special Treasury Department Adviser Elizabeth Warren prepared to say goodbye Friday as former Ohio AG Richard Cordrary, President Obama’s nominee to lead the Consumer Financial Protection Bureau,...
July 27, 2011
Epsilon Releases 2011 Holiday Trend Report
DALLAS, TEXAS – July 21, 2011 – According to Epsilon’s Holiday Trend Report 2011, the upcoming season looks to be a successful one as consumer spending continues to increase. Effective cross-channel marketing...
July 19, 2011
CFPB Report Examines Differences Between Credit Scores Consumers and Lenders...
Source: www.treasury.gov 7/19/2011 Page Content Consumers May Be Unaware of Variety of Credit Scores Available WASHINGTON – The Consumer Financial Protection Bureau (CFPB) released a report today examining...
July 18, 2011
Economic Theory of Interchange Fees
February 22, 2011 (Executive Summary of Comment Submitted to the Federal Reserve Board Regarding the Implementation of the Durbin Amendment) I. Introduction and Overview Interchange charges within the payment...
July 18, 2011
Consumer Impact of Debit Interchange Fee Reductions
February 22, 2011 (Executive Summary of Comment Submitted to the Federal Reserve Board Regarding the Implementation of the Durbin Amendment) The Board’s December 16, 2010 proposal would, if implemented, impose...
July 18, 2011
Economic Principles for Interchange Fee Regulation
February 22, 2011 (Executive Summary of Comment Submitted to the Federal Reserve Board Regarding the Implementation of the Durbin Amendment) Over the last century economists have developed a three-step process...
July 18, 2011
Obama Names Former Ohio AG to Lead CFPB
July 18, 2011 President Obama revealed Sunday that he has chosen Richard Cordray, current enforcement chief for the Consumer Financial Protection Bureau, as his nominee to permanently lead the agency...
July 15, 2011
Consumer Protection Act — Sec. 1075. Reasonable Fees and Rules...
(a) IN GENERAL.—The Electronic Fund Transfer Act (15 U.S.C. 1693 et seq.) is amended— (1) by redesignating sections 920 and 921 as sections 921 and 922, respectively; and (2)...
July 15, 2011
New Interchange Reform, Minimum Purchase and Discounting Options
On July 21, 2010 President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law (P.L.111-203), ushering in sweeping reforms of the banking industry including reforms of...