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Volume 21 - Number 17

August 23, 2010

FDIC Division Created to Enforce BCFP’s Consumer Protection Rules

The Federal Deposit Insurance Corp. last week announced the creation of two new divisions – one responsible for depositor and consumer protection and another to review and oversee systematically significant financial institutions. The Division of Depositor and Consumer Protection and the Office of Complex Financial Institutions were unveiled in anticipation of...

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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.
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