E-NEWSLETTER

President Obama appointed Richard Cordray as director of the Consumer Financial Protection Bureau yesterday.

Tags: CFPB, Compliance, Consumer Financial Protection Bureau, Obama administration

President Obama nominated former Ohio Attorney General Richard Cordray to serve as the director of the new Consumer Financial Protection Bureau (CFPB) agency. Cordray has served as head of the CFPB’s enforcement division for the last six months.

Tags: CFPB, Compliance, Consumer Financial Protection Bureau, Hudson Cook LLP, LEGAL, Obama administration

The Federal Trade Commission’s second roundtable will be staged at St. Mary's University School of Law on Aug. 2-3.

Tags: CFPB, Compliance, Consumer Financial Protection Bureau, Dodd-Frank Act, FEDERAL REGULATION, Federal Reserve, Federal Trade Commission, Hudson Cook LLP, regulations

Tom Hudson and Michael Benoit, attorneys with Hudson Cook LLP and the magazine's Legal columnists, have been invited to serve as panelists at the Federal Trade Commission's first public roundtable to discuss consumer protection issues related to the sale, financing and leasing of cars, SUVs and light trucks.

Tags: CFPB, Consumer Financial Protection Bureau

New disclosure requirements being considered by the Federal Reserve Board (FRB) for loan insurance products aren’t the only threat to core F&I offerings like GAP. In California, product providers are racing to notify dealers that one of the key selling feature of GAP might be barred since a new law took effect on Jan. 1.

Tags: Consumer Financial Protection Bureau, credit insurance, Federal Reserve, Federal Trade Commission, GAP, NADA

Coping with the uncertainty of the Dodd-Frank Act and its newly-formed Consumer Financial Protection Bureau (CFPB) will be among U.S. financial institutions’ foremost concerns in 2011, according to the experts at Wolters Kluwer Financial Services.

Tags: Consumer Financial Protection Bureau, indirect lending, risk-based pricing rule, Wolters Kluwer Financial Services

Sen. Sam Brownback (R-Kan.) is planning to offer an amendment to exempt auto dealers from the financial regulation bill when the Senate considers the proposed legislation as early as next week.

Tags: Consumer Financial Protection Bureau, financial reform, NADA

The House Financial Services Committee approved a key amendment, 47-21, to keep automobile dealers under the already effective state and federal laws which govern vehicle financing.

Tags: Consumer Financial Protection Bureau, Honda Financial Services, NADA