CFPB General Counsel Meredith Fuchs in the “Disparate Impact” Hot Seat

By | CFPB Monitor | April 9, 2014
CFPB General Counsel Meredith Fuchs in the “Disparate Impact” Hot Seat

As we previously reported, the House Financial Services Committee has been interested in the specific methodology and metrics used by the CFPB in its disparate impact analysis under the Equal Credit Opportunity Act and Regulation B. On March 7, Chairman Hensarling sent a letter to Director Cordray seeking a response to the Committee’s questions, and it appears the CFPB has yet to respond to the letter.

CFPB Payday Loan Proposal for Rulemaking is Coming, but Timing of Its Publication Remains Unclear

By | CFPB Monitor | April 9, 2014
CFPB Payday Loan Proposal for Rulemaking is Coming, but Timing of Its Publication Remains Unclear

At the Practicing Law Institute’s 19th Annual Consumer Financial Services Institute held on Monday in New York City, Meredith Fuchs, Associate Director & General Counsel for the CFPB delivered the opening keynote address, which touched on a number of topics regarding current areas of interest of the CFPB and provided updates on where several of such initiatives are heading.

CFPB Outlines Expansion of Nonbank Supervision, in Particular Increasing Consumer Access to Credit Scoring Information and Education

CFPB Outlines Expansion of Nonbank Supervision, in Particular Increasing Consumer Access to Credit Scoring Information and Education

In a speech at the Consumer Bankers Association, CFPB Deputy Director Steve Antonakes discussed the nonbank segments of the financial services industry where the CFPB recently has expanded its supervision, including debt collection, student loan servicing, and large nonbank auto lenders.