Consumer Law in Legal Assistance CFPB Resources

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Presentation transcript:

Consumer Law in Legal Assistance CFPB Resources American Bar Association Legal Assistance for Military Personnel San Diego, California March 21, 2018 Angela Martin Senior Enforcement Attorney Military Affairs Liaison (Ms. Martin’s contact information is on the final slide.)

Disclaimer This presentation is being made by a Consumer Financial Protection Bureau representative on behalf of the Bureau. It does not constitute legal interpretation, guidance or advice of the Consumer Financial Protection Bureau. Any opinions or views stated by the presenter are the presenter’s own and may not represent the Bureau’s views.

Centralizing Consumer Financial Protection Accountability Federal agencies with consumer financial protection duties, in addition to their many other responsibilities: FDIC OCC Federal Reserve (OTS) CFPB FTC HUD NCUA July 21, 2011 (launch date) Scattered approach resulted in regulatory gaps covering consumer financial products or services Centralized consumer financial protection responsibilities

Joint Statement of Principles – July 6, 2011 Joint Statement of Principles (dated 7/6/2011): consumerfinance.gov/about-us/blog/the-cfpb-and-jags-partnering-to-protect-servicemembers (posted 7/7/2011) September 7, 2017

CFPB Website consumerfinance.gov September 7, 2017

Office of Enforcement consumerfinance.gov/policy-compliance/enforcement/ September 7, 2017

Office of Enforcement Core Work Auto loans Bank accounts and deposit products Consumer credit reporting Credit cards Debt collection Debt relief and credit counseling Electronic fund transfers Fair lending General consumer finance Mortgage origination Mortgage servicing Payday lending Prepaid cards Student loans

Selected Laws the CFPB Enforces Office of Enforcement Selected Laws the CFPB Enforces Alternative Mortgage Transaction Parity Act (AMTPA) Consumer Financial Protection Act (Title X of Dodd-Frank) Consumer Leasing Act (CLA) Electronic Fund Transfer Act Equal Credit Opportunity Act (ECOA) Fair Credit Billing Act (FCBA) Fair Credit Reporting Act (FCRA) Fair Debt Collection Practices Act (FDCPA) Federal Deposit Insurance Act (FDIA) Gramm-Leach-Bliley Act Home Mortgage Disclosure Act (HMDA) Home Owners Protection Act (HOPA) Home Ownership and Equity Protection Act (HOEPA) Interstate Land Sales Full Disclosure Act (ILSA) Military Lending Act (MLA) Omnibus Appropriations Act 2009 Real Estate Settlement Procedures Act (RESPA) S.A.F.E. Mortgage Licensing Act Truth in Lending Act (TILA) Truth in Savings Act (TISA)

Office of Servicemember Affairs consumerfinance.gov/servicemembers/ September 7, 2017

CFPB Online Complaints consumerfinance.gov/complaints September 7, 2017

Other CFPB Resources Online answers to hundreds of financial questions: consumerfinance.gov/ask-CFPB Free bulk publications: pueblo.gpo.gov/CFPBPubs/CFPBPubs.php September 7, 2017

Questions? Enforcement Tips? Local and regional training Individual responses from liaison Preventive law materials Distribution list for Enforcement information Angela Martin Senior Enforcement Attorney Military Affairs Liaison angela.martin@cfpb.gov (202) 578-6956 (cell)