CFPB Issues Report To Congress

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The CFPB has issued a report pursuant to Section 1017(e)(4) of the Dodd-Frank Act to the Committees on Appropriations of the United States Senate and House of Representatives.  The report covers the time period from August 1, 2012 through September 30, 2013, the end of the CFPB’s fiscal year.  The report includes a broad overview of the CFPB’s activities during the relevant time period, and sets forth consumer resources, together with supervision, enforcement and fair lending activities and budget and hiring practices.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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