Consumer Financial Protection Bureau - Nov. Update
Tuesday, November 29, 2011
the first edition of the CFPB Update!
newsletter is designed to keep the CFPB in regular communication with external
stakeholders – financial service providers, consumer advocates, government officials,
and other leaders in the field of consumer financial protection. Whether we've
asked for input on a project, issued guidance to industry, or testified on
Capitol Hill, you'll see our most important news in the CFPB Update.
CFPB announces Early Warning Notice Process
month the CFPB outlined plans to provide advance notice of potential
enforcement actions to individuals and firms under investigation. The Early Warning Notice process allows the
subject of an investigation to respond to any potential enforcement actions
before the Bureau ultimately decides whether to begin legal action. Read the notice...
November CFPB testimony on the Hill
Advisor to the Treasury Secretary Raj Date testified on the CFPB's first 100 days, Holly Petraeus of the
CFPB's Office of Servicemember Affairs testified on consumer financial issues facing military families,
and Skip Humphrey of the CFPB's Office for Older Americans testified on consumer financial issues facing older Americans.
Chime in on private student
loans continue to be a focus at the CFPB. We released our Student Debt Repayment Assistant to help
borrowers understand their options when repaying their loans. We launched Know Before You Owe: student loans with the
Department of Education to get feedback on a draft Financial Aid Shopping
Sheet. And we recently announced that we are seeking information from students,
schools, industry, and other stakeholders on the private student loan market.
The Office of Servicemember Affairs
of Servicemember Affairs is here to ensure that military personnel and their
families have a voice at the CFPB.
A note from Holly Petraeus, Assistant
Director for Servicemember Affairs
Resources for servicemembers, veterans, and
The Office for Older Americans
Americans face many financial challenges. The CFPB's Office for Older
Americans is here to give seniors information and tools to navigate those
Resources for older Americans
From the CFPB blog about our work for older