Archives for Consumer Financial Protection Bureau

Webinar on Payroll Cards

Webinar on Payroll Cards: Understanding the Benefits for Employers and Employees

To view the agenda for the Webinar, click here.

To view the presentation, click here.

Payroll cards can provide important benefits to employers and employees, but the political and regulatory environment in this space has become increasingly complicated in the past few years.  This presentation will provide an overview of payroll card products, the current regulatory framework, and expected activity at the Federal and State level.


Letter to CFPB on Arbitration Research and TX Field Hearing (12/11/13)

Date:  December 11, 2013

Issue: Consumer Financial Protection Bureau

To: Consumer Financial Protection Bureau

Filing Type: Regulatory

Description: In conjunction with a field hearing in Dallas, TX, the CFPB released their initial findings on the use of arbitration clauses in connection with consumer financial products and services, as part of their larger study on arbitration.  ILR and CCMC sent a letter, along with additional research, to the Bureau in advance of the hearing to reiterate concerns with the Bureau’s approach to the study.

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Letter to House in Support of CFPB Refrom Legislation (11/19/13)

Date: November 19, 2013

Issue: Consumer Financial Protection Bureau

To: The Honorable Jeb Hensarling, Chairman & The Honorable Maxine Waters, Ranking Member, House Committee on Financial Services

Filing Type: Congressional Letter

Description: The House Financial Services Committee discussed and approved various legislative proposals to bring accountability and transparency to the Consumer Financial Protection Bureau. The Chamber sent a letter of support in advance of the mark-up. Below is a summary of the legislation.

·         H.R. 2446 would replace the single Director with a five-member bipartisan commission.

·         H.R. 3519 would subject the Bureau’s spending authority to the congressional appropriations process.

·         H.R. 3193 would ensure that the other financial regulators can overrule a CFPB action that could undermine safety and soundness. 

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Letter to Congress on the Financial Crisis Anniversary and the FAR Agenda (9/13/13)

Date: September 13, 2013

Issue: Regulatory Reform

To:  Members of Congress

Filing Type: Congressional Letter

Description: On the anniversary of the 2007-2008 financial crisis, the Chamber sent a letter to Congress today highlighting our FAR Agenda and SEC Reform Study to address some of the lingering causes of this crisis that remain unaddressed.

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Letter to the House on Cordray Nomination (3/12/13)

Date: March 12, 2013

Issue: Consumer Financial Protection Bureau

To: The Honorable Tim Johnson and the Honorable Mike Crapo

Filing Type: Congressional

Description:  CCMC sent a series of letters to the committee in advance of  the Senate Banking Committee holding a hearing regarding the nomination of Richard Cordray for director of the CFBP.

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