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Asking the public about the CARD Act

Yesterday’s CARD Act conference commemorated the first anniversary of the day when many provisions of the Credit CARD Act went into effect. Industry executives, leading academics, consumer advocates, government officials, and the CFPB convened to review changes in the card industry since the Act. In conjunction with the conference, the CFPB commissioned a survey to […]

Published Category: At the CFPB

September 2010: Transfer Date Announced

Each day this week, we will feature information about an important milestone in the establishment of the new consumer bureau. Today’s post is about our transfer date. Read more of this series. Less than two months after President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act into law, Treasury Secretary Tim Geithner […]

Published Category: At the CFPB

February 2011: CFPB’s HR System Comes Online

Each day this week, we will feature information about an important milestone in the establishment of the new consumer bureau. Today’s post is about our new HR system. Read more of this series. The Dodd-Frank Act created the CFPB as an independent bureau within the Federal Reserve System. Many steps must be taken before the […]

Published Category: At the CFPB

December 2010: CFPB Implementation Team Reaches 100 Employees

Each day this week, we will feature information about an important milestone in the establishment of the new consumer bureau. Today’s post is about staffing up the bureau. Read more of this series. The CFPB is a brand-new government agency, and all new things have to start somewhere. In the case of the consumer bureau, […]

Published Category: At the CFPB

October 2010: CFPB Implementation Team Moves Into Temporary Headquarters

Each day this week, we will feature information about an important milestone in the establishment of the new consumer bureau. Today’s post is about our temporary home. Read more of this series. In October, the CFPB implementation team moved out of office space spread across three buildings in and around the main Treasury Department headquarters […]

Published Category: At the CFPB

The CFPB’s Budget

Last year, the President signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act, which established the new consumer bureau. The central idea behind the creation of the CFPB was the need to increase accountability by consolidating core consumer financial protections that were scattered across government. Previously, seven different federal agencies were responsible […]