Archives

March 14, 2021 @ 7:30 pm By JD Alois  |  

Last week, the Senate Banking Committee voted to 14-10 to move forward with Gary Gensler’s nomination as the Chairman of the Securities and Exchange Commission. On the same day, the vote was taken on Rohit Chopra and his nomination as Director of the Consumer Financial… Read More

October 22, 2020 @ 3:27 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has issued an advance notice of proposed rulemaking (ANPR) requesting information related to consumer access to financial records. In brief, the CFPB is asking interested parties as to how it might most efficiently and effectively develop regulations to implement… Read More

July 27, 2020 @ 5:57 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has announced its intent to issue an “advance notice of proposed rulemaking” (ANPR) this year on consumer-authorized access to financial records. The rulemaking will impact both traditional financial service firms as well as Fintechs and falls along the lines… Read More

April 27, 2017 @ 6:46 am By Erin Hobey  |  

Today, the Consumer Financial Protection Bureau (CFPB) took action against Security National Automotive Acceptance Company (SNAAC), an auto lender with headquarters in Ohio, specializing in loans to servicemembers, for violating a CFPB consent order. In 2015, the CFPB ordered SNAAC to pay penalties for illegal… Read More