In response to a request for information from the Bureau of Consumer Financial Protection on its external engagements, AFSA wrote that the Bureau should improve field hearings so that they provide more meaningful feedback, instead of functioning as well-attended and lengthy press conferences designed to justify a proposed rule.
This week’s letter was the fifth in a series of letters to the Bureau answering a call for evidence. The Bureau is collecting information on how to ensure that it is fulfilling its proper and appropriate functions to best protect consumers.
In addition to commenting on the field hearings, AFSA wrote about the Bureau’s roundtables, advisory boards and councils, as well as its studies and methodologies. AFSA said, “… that the Bureau’s roundtables have been a successful way to gather information, that the Bureau’s advisory boards and councils should be more balanced, and that the Bureau should request comments on the studies it conducts and the methodologies it intends to use.”
The next three letters will focus on rulemaking and regulations.
In response to a request for information from the Bureau of Consumer Financial Protection on its external engagements, AFSA wrote that the Bureau should improve field hearings so that they provide more meaningful feedback, instead of functioning… Read the rest
Registration for the AFSA Leadership Development Program closes June 15. Don’t miss this important opportunity for your employees to participate in a 6-day intensive program focused on the development of your organization's… Read the rest
Well-regarded futurist and author Shawn DuBravac, PhD, addressed the consumer credit industry’s outlook with respect to digital technology’s impact on business models, customers and employees last month at AFSA’s… Read the rest
WASHINGTON, May 8, 2018 – Today, the House of Representatives approved S.J. Res. 57 by a 234-175 vote. The vote on the resolution, under the Congressional Review Act (CRA), disapproves of the Consumer Financial Protection Bureau’s… Read the rest
AFSA submitted a comment letter today in response to the Bureau of Consumer Financial Protection’s request for information on the rules of practice for adjudication proceedings. Administrative adjudication proceedings are formal… Read the rest
Join AFSA on Tuesday, May 15 at 2 p.m. ET for Bottom Up Compliance Technology presented by defi SOLUTIONS.
Adding compliance as an afterthought or feature does not offer lenders the robust compliance needed in today’s regulatory world.… Read the rest
The Bureau of Consumer Financial Protection issued a call for evidence to ensure the Bureau is fulfilling its proper and appropriate functions to best protect consumers. The Bureau published in the Federal Register a series of Requests for… Read the rest