Tabs

Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
 
Qualified Mortgage - Qualified Residential Mortgage
Swaps
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Capital
Deposit Insurance
Interchange
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Preemption
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Appraisals
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Tuesday, July 31, 2012

Fitch: CFPB's Enforcement Will Increase Costs

Fitch released an article today (tweeted here) describing its belief that financial firms will face higher costs because of CFPB's "activism." Fitch describes the CFPB's efforts in disclosures and in the CARD act as two areas that the CFPB will continue to focus on. In addition, Fitch commented that compliance and marketing costs will increase for all firms because of the penalties that are arising as a result of enforcement actions. Find a link to the article on our twitter page and at the right side of the Dodd-Frank Tracker home page.

No comments:

Post a Comment

Please read our comment policy before making a comment.