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Volume 27 - Number 33

August 19, 2010

Fed Clears TILA Rulemaking Ledger as Agency Prepares To Shift Consumer Protection Responsibilities to BCFP

In one fell swoop, the Federal Reserve cleared its desk this week of an assortment of proposed, interim and final rulemaking, all part of earlier efforts to revise and update regulations implementing the Truth in Lending Act, the Home Ownership and Equity Protection Act and certain provisions in the new financial reform law. The Aug. 16 announcement included...

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Poll

The Consumer Financial Protection Bureau is completing its first six months of operation. Based on the agency’s regulatory pronouncements and announcements to date, how do you think the agency is doing?

It’s doing a good job of balancing consumer protections with regulating the mortgage industry.
It’s too early to tell what kind of job the CFPB is doing.
It’s not needed and should be closed down.

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Housing Pulse

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