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BCFP Engages with State Officials

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The Bureau of Consumer Financial Protection (BCFP) this week posted a blog saying it is emphasizing growing its state and local government relationships, as part of its Strategic Plan and Objectives for this year.

“The Bureau has strong working relationships with state regulators and elected officials, said Anthony Welcher, Policy Associate Director at the BCFP, who posted the blog.

Welcher said he recently spoke at the following state organizations:

  • National Association of Counties (NACo) Rural Action Caucus
  • National Conference of State Legislatures’ (NCSL) Communications, Financial Services, and Interstate Commerce Committee’s business meeting
  • American Legislative Exchange Council’s (ALEC) Commerce, Insurance and Economic Development Task Force meeting

Paul Watkins, Director of the CFPB’s Office of Innovation, and Welcher also participated in a Rule of Law Defense Fund Attorneys’ General Fintech Forum discussing developing open environments to build innovative technologies that will provide U.S. consumers greater access to financial services products.

BCFP Engages with State Officials
Sep 17, 2018

The Bureau of Consumer Financial Protection (BCFP) this week posted a blog saying it is emphasizing growing its state and local government relationships, as part of its Strategic Plan and Objectives for this year.

“The Bureau has strong… Read the rest

Former Google CIO presents webinar on Machine Learning and Credit Models
Sep 13, 2018

Today’s financial institutions understand the power of artificial intelligence to drive profitability in their businesses. Many lenders employ data science teams who are experimenting with machine learning. But the challenge… Read the rest

BCFP, Fed, other agencies say “guidance” is not the same as law
Sep 12, 2018

The Bureau of Consumer Financial Protection (BCFP) and four other federal agencies this week issued a joint statement explaining the role of supervisory guidance for regulated institutions, clarifying that guidance does not have the same… Read the rest

Economist: Vehicle demand remains strong; headwinds possible for manufacturers and lenders
Sep 10, 2018

Despite the announcement last week that U.S. auto sales through August are tracking at an annual rate of 17 million units by year-end, certain economic headwinds are possible which would affect both auto manufacturers and lenders in the future.… Read the rest

AFSA Launches AFSA Today Podcast
Sep 07, 2018

The American Financial Services Association (AFSA) today launched a new communications channel for AFSA members and prospective members. AFSA Today, is AFSA’s first-ever podcast focusing on a discussion of issues relevant to the… Read the rest

AFSA to Hold Webinar on New Calif. Privacy Law
Aug 30, 2018

AFSA will host a webinar on September 7 about the recently-passed California Consumer Privacy Act of 2018 (AB 375/Chapter 55) and the new requirements for financial institutions doing business in the state. Although the requirements will… Read the rest

Federal Reserve Banks Offer Webinar on Consumer Complaint Practices
Aug 29, 2018

Representatives from the Federal Reserve Banks of Kansas City and San Francisco discussed aspects of consumer complaint practices for banks on August 29. The webinar addressed how regulators use consumer complaints to gauge the adequacy… Read the rest

MoneySKILL® Registrants on the Rise
Aug 27, 2018

It’s the most wonderful time of the year…back to school!

From New York to California and Oregon to South Carolina, hundreds of instructors have recently registered to access MoneySKILL as part of the 2018-19 school year.… Read the rest

AFSA Supports Kraninger Nomination Approval
Aug 23, 2018

“The American Financial Services Association (AFSA) supports the Senate Banking Committee’s approval of the nomination of Kathy Kraninger as the next Director of the Bureau of Consumer Financial Protection (BCFP) and is Read the rest

AFSA Opening New Communication Channel to Members
Aug 22, 2018

The American Financial Services Association (AFSA) is launching a new communications channel for AFSA members and potential members. In early September, AFSA will air it’s first-ever podcast focusing on a discussion of issues relevant… Read the rest

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