FTC Affirms to CFPB Commitment To Vigorous Enforcement
May 20, 2013
In its yearly letter to the CFPB, the Federal Trade Commission affirmed that it is committed to continuing its vigorous enforcement of regulations under the Equal Credit Opportunity Act, the Electronic Fund Transfer Acts, the Truth in Lending Act and the Consumer Leasing Act, and in intends to do the same with other rules the CFPB issues. The Dodd-Frank Wall Street Reform and Consumer Protection Act gave the FTC the authority to enforce any bureau rules that apply to entities within the FTCs jurisdiction, which...