Tag Archives: Dodd-Frank

New Jersey AG Attempts to Fill Perceived Void Left By CFPB Retrenchment

On March 27, 2018, the New Jersey Attorney General, Gurbir S. Grewal, announced the appointment of Paul R. Rodriguez to be the new Director of the New Jersey Division of Consumer Affairs.  Mr. Rodriguez, a New Jersey native, previously served as Acting Council for New York City Mayor, Bill de Blasio, and a member of … Continue Reading

CFPB Issues Rule on Mortgage Guidelines for Special Classes of Creditors

The Consumer Financial Protection Bureau (“CFPB”) this week issued a final rule making a series of changes to its mortgage guidelines for small creditors and creditors in rural and underserved communities. In a series of rulemakings issued pursuant to the Dodd-Frank Act, the CFPB has applied special standards for mortgages extended by small creditors and … Continue Reading

Reed Smith’s Stephanie Wilson Addresses Regulators’ Policy on Diversity and Inclusion at Financial Institutions

Reed Smith’s Stephanie Wilson recently told The Legal Intelligencer that she fielded many calls about Dodd-Frank Act’s section 342, which regulates diversity and inclusion in the financial industry, when the law was first passed in 2010. While it was soon “overshadowed” by other, more financially immediate sections, she says the questions about section 342 are … Continue Reading

GOP Senators Tell President They Will Oppose Any CFPB Nominee Until Reforms Are Made

On January 31, 2013, 42 Republican Senators joined in a letter to President Obama, warning that they will oppose the confirmation of any nominee to be Director of the Consumer Financial Protection Bureau ("CFPB"), until significant reforms are made to ensure "transparency and accountability" at the Bureau.… Continue Reading
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