The U.S. Chamber of Commerce has sent a detailed letter, dated February 12, 2004, addressed to Director Cordray of the Consumer Finance Protection Bureau (CFPB) in which it expresses its disapproval of the CFPB’s approach of “regulation by enforcement settlement combined with issuance of brief guidance statements” in lieu of utilizing a formal rulemaking

 Credit and Collection News and Troutman Sanders’ Consumer Financial Services group present
“CFPB, State Regulators and Compliance”

Atlanta, GA
February 18-19, 2014

CCN and Troutman Sanders have created a seminar filled with rich and relevant content designed to meet the challenges of collecting in today’s economy, given the highly-regulated nature of the debt collection industry.

Most of the CFPB’s new mortgage rules take effect today, January 10, 2014. The CFPB has rejected congressional and financial industry’s repeated calls for a one-year mortgage regulation delay. However, Director Cordray expressed that, at least in the early days, the CFPB’s examiners will not be looking for compliance perfection but for a good faith