Know How: Whitepaper

Title

Best Practices - Banking Regulators New Catch All

GET KNOW HOW

Subscribe

Stay up-to-date with industry knowledge!

In response to the financial crisis in 2008, United States Congress enacted the Dodd Frank Wall Street Reform and Consumer Protection Act (“Dodd Frank”). Dodd Frank required banks to abide by a variety of new regulations and created the Consumer Financial Protection Bureau (“CFPB”) as an oversight agency. Congress granted to CFPB rule-making authority as well as the ability to sanction any bank for non-compliance. As part of its rule-making mandate, CFPB pushed for the creation of certain best practice lending requirements.

Contributors