Archive for Director’s notebook

The foreclosure crisis was an important catalyst for the creation of the Consumer Financial Protection Bureau

See the full post at consumerfinance.gov

The CFPB is working to accelerate the shift to open banking through a new personal data rights rule intended to break down these obstacles, jumpstart competition, and protect financial privacy

See the full post at consumerfinance.gov

Today, the CFPB is taking another step toward ensuring accountability for automated decision models, sometimes marketed as artificial intelligence (AI)

See the full post at consumerfinance.gov

The CFPB is exploring long-term solutions to move away from single points of failure, ensure system resilience, and eliminate unnecessary complexity in rulemaking

See the full post at consumerfinance.gov

Credit cards are one of the most common financial products in our country, providing the bulk of short-term credit for families

See the full post at consumerfinance.gov

Markets work best when rules are simple, easy to understand, and easy to enforce

See the full post at consumerfinance.gov

Financial companies that collect and process loan payments play a critical role in consumer finance markets

See the full post at consumerfinance.gov

As the economy recovers from the global pandemic, American families and businesses are experiencing higher prices

See the full post at consumerfinance.gov

A new Request for Information will help inform a review of the FDIC and OCC’s Bank Merger Act policies

See the full post at consumerfinance.gov

We’ve issued additional guidance to staff reminding them to report ethics violations, such as suspicious communications and activity by former employees to agency officials

See the full post at consumerfinance.gov