Federal Register Agencies Consumer Financial Protection Bureau Pursuant to the consumer financial protection act of 2010 ("cfp act"),\1\ the secretary of the treasury designates july 21, 2011, as the date for the transfer of functions to the bureau of consumer financial protection ("cfpb"). There are some issues we know about the new consumer financial protection bureau and there are plenty of unknowns. Â for a recap of the knowns, the cfpb's progress report provides a good summary.
Consumer Financial Protection Bureau Flashcards Quizlet The bureau shall have all powers and duties that were vested in the national credit union administration, relating to consumer financial protection functions, on the day before the designated transfer date. Among these are the consumer financial protection authorities that transferred to the cpfb from seven federal agencies on the designated transfer date, july 21, 2011. these authorities include the ability to issue regulations under more than a dozen federal consumer financial laws. Who will be the new director? what powers does the bureau have if there is no director in place? what actions are triggered by the designated transfer date? who has been tapped to fill other important positions at the bureau? what is the bureau’s agenda? in what areas will the bureau be most active?. The consumer financial protection bureau, following its transfer date of july 21, will receive authority from seven transferor agencies, many of which currently exercise authority including.
Consumer Financial Protection Bureau Who will be the new director? what powers does the bureau have if there is no director in place? what actions are triggered by the designated transfer date? who has been tapped to fill other important positions at the bureau? what is the bureau’s agenda? in what areas will the bureau be most active?. The consumer financial protection bureau, following its transfer date of july 21, will receive authority from seven transferor agencies, many of which currently exercise authority including. Without a senate confirmed director by the designated transfer date, the two agencies concluded that section 1066 (a) of the dodd frank act grants the secretary of the treasury the authority to carry out the functions of the bureau found under subtitle f of title x. Less than two months after president obama signed the dodd frank wall street reform and consumer protection act into law, treasury secretary tim geithner announced that the one year anniversary of the law – july 21, 2011 – will serve as the “designated transfer date” for the consumer financial protection bureau. Searchable text of the 12 usc 5582 designated transfer date (us code), including notes, amendments, and table of authorities. On july 21, 2011—the “designated transfer date” in the parlance of title x of the dodd frank act—the new consumer financial protection bureau will officially open its doors and inherit.
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