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Tag Archives: CFPB

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. 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. President Obama ushered in a new era of regulation over credit counseling, housing counseling, and other debt relief services that will have a broad impact for years to come. For the first time ... 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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