Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
Inside Washington (08/17/2011)
* WASHINGTON (8/18/11)--The U.S. Chamber of Commerce in a comment letter issued Monday has challenged the Consumer Financial Protection Bureau (CFPB) authority to oversee large nonbanks. The chamber cited a “notice and request for comment” the CFPB issued in June. The CFPB notice requested feedback on how the bureau should determine which large nonbanks should be subject to supervision. Because the bureau does not have a permanent director, it lacks the authority to provide such oversight, the chamber said in its comment letter. “The secretary and the bureau should therefore cease all development of the ‘larger participants’ rule until a director has been confirmed,” the letter stated.


RSS print
News Now LiveWire
NCUA re-schedules start of tomorrow's closed meeting to 9 a.m. ET. Open meeting still at 10 a.m. ET.
10 hours ago
.@lisamurkowski @SenatorEnzi @SenJohnBarrasso are latest to weigh in on NCUA risk-based capital proposal. See #NewsNow tomorrow for more
11 hours ago
Now up on News Now: Fed stays course on taper, interest rates http://t.co/6DntsW58vA
13 hours ago
Positive performance indicators and the potential for rising interest rates in @TheNCUA 's latest economic update. http://t.co/yptPbIGvnU
16 hours ago
The @CFPB has launched a nationwide effort to provide financial education. http://t.co/sF3FXHpv3k
16 hours ago