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Tag Archives: CFPB

Congres Gets One Last Chance to Poke CFPB Before it Opens for Business

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I don’t think there can be any dispute that the GOP has fought the existence of the CFPB and tried a number of approaches to defang it or try to make it go away. This Thursday, Elizabeth Warren, appears again in front of the House Oversight Committee and will most likely face one last round of aggressive questioning before the ... Read More »

    CFPB is Looking for Public Comments on Debt Relief Industry


    Last week I had the pleasure of visiting the Consumer Finance Protection Bureau (CFPB) in Washington, DC. to meet with staff and attend a planning session. Elizabeth Warren started the meeting with an introduction and left the meeting in the capable and good hands of Peggy Twohig and Alice Hrdy, both who supervised debt relief issues over at the FTC, ... Read More »

      Elizabeth Warren Called Liar at Congressional Hearing. Disgusting.

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      A recent appearance by Elizabeth Warren of the Consumer Financial Protection Bureau in front of a Congressional hearing ended most unfortunately when Representative McHenry, Republican of South Carolina, accused Warren of making up the fact their staffs had agreed to an ending time for the meeting. Essentially he publicly called her a liar. More details about the hearing make it ... Read More »

        Consumer Groups Call on CFPB to Provide Easy Access to Complaints Filed Against Companies

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        Consumers Union and a bunch of other groups have submitted a letter to the CFPB to ask that consumers have easy access to complaints filed against companies. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Washington D.C.- A coalition of consumer, civil rights, good government, and community groups have called on the new federal financial watchdog, ... Read More »

          Elizabeth Warren Says CFPB to Spend Half of Budget on Enforcement


          This past Monday I had the pleasure of catching up with my old friend Elizabeth Warren. She was the keynote speaker at the National Association of Attorneys General meeting in Charlotte, NC. Professor Warren made it very clear that the Consumer Financial Protection Bureau (CFPB) will focus on compliance, supervision and enforcement of financial products. This includes all areas of ... Read More »

            Consumer Financial Protection Bureau. Amazing Website. Loaded for Bear.


            The new Consumer Financial Protection Bureau (CFPB) website is up and interested people can subscribe to updates by visiting it. Visit Even from their featured logo you can tell they plan to be the cop on the financial beat. The enforcement chief of the CFPB is Richard Cordray. Cordary has already indicated he plans to come out swinging with ... Read More »

              Consumer Financial Protection Bureau In The Works But Don’t Expect Much Before July, 2011

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              Reuters is reporting recent comments by Treasury Secretary Geithner that have sent a clear signal that the new Consumer Financial Protection Bureau (CFPB) will not be active in enforcement actions until July, 2011. “It is fair to say that until that authority is transferred, which will not happen before July of 2011, and before there is a confirmed director in ... Read More »

                Venable Presents Overview of the New Consumer Financial Protection Act

                Today the Venable law firm, through their debt relief experts Jeffrey S. Tenenbaum, Esq. and Jonathan L. Pompan, Esq. provided an overview of the new Consumer Financial Protection Act (CFPA) and the Consumer Financial Protection Bureau (CFPB) and how it applies to credit counseling agencies, debt settlement companies, and debt relief service providers. The presentation is about 1:25 but it ... Read More »

                  What About S.3264 Passing? What Are The Odds?

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                  David sent in the following question: Hello Steve, What do you think the chances are of the Debt Settlement Consumer Protection Act S.3264 passing? I was thinking since all up front fees are now banned, maybe that will clean up the industry and S.3264 might not be needed as much now. For those not familiar with S.3264 it is the ... Read More »

                    Elizabeth Warren, We Got Your Back. Wall Street Better Watch Out.

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                    For all the fans of Elizabeth Warren for the role as the director of the new Consumer Financial Protection Bureau. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Read More »

                      Elizabeth Warren Needs To Be Named Director of the Consumer Financial Protection Bureau

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                      I’ve known Elizabeth Warren for years and I’m proud to say she’s one of those people I can reach quickly if I need to. Hopefully once the selection process for the Consumer Financial Protection Bureau is over we’ll have a time to get together and interview her for the site. Hopefully the selection process is drawing closer to advancing quickly. ... Read More »

                        What the Dodd-Frank Act: What It Means for Credit and Housing Counseling Agencies and Other Debt Relief Service Providers

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                        The following article was put out by the Venable law firm and is republished with permission of Jeff Tenenbaum, a rock star in debt relief compliance issues. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? President Obama ushered in a new era of regulation over credit counseling, housing counseling, and other debt relief services that will ... Read More »

                          The Critical Flaw in The Attorney Model for Debt Settlement

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                          It seems in the face of proposed regulation over the debt settlement industry many debt settlement companies are running for the hills and trying to convert their business into one of the many attorney models out there in order to continue their advance fee approach. The companies who are running for the attorney model cover seem to feel it will ... Read More »

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