Regulatory: The Consumer Financial Protection Bureau

The bureau issues its first regulation.

This column is the fourth in a series of articles on the coming of the Consumer Financial Protection Bureau and the direction it is likely to take in the regulation of consumer financial products and services.

We know that the new Consumer Financial Protection Bureau will have significant regulatory authority under Title X of the Dodd-Frank Act, but precisely what does that mean? On May 31, 2011, the bureau itself took the first step toward answering that question when it published in the Federal Register its first rule for public comment.

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Martin Bishop

Martin J. Bishop is a partner, litigation department vice chairman and co-chair of the consumer financial services litigation practice at Foley & Lardner LLP. He...

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