On October 8, 2019, the CFPB released their semi-annual report to Congress. This “Spring 2019” report covers the period beginning October 1, 2018 and ending March 31, 2019.
This report covers the following topics:
Significant problems faced by consumers in shopping for or obtaining consumer financial products or services
Justification of the budget request of the previous year
List of the significant rules and orders adopted by the Bureau, as well as other significant initiatives conducted by the Bureau, during the preceding year and the plan of the Bureau for rules, orders, or other initiatives to be undertaken during the upcoming period,
Analysis of complaints about consumer financial products or services that the Bureau has received and collected in its central database on complaints during the preceding year
List, with a brief statement of the issues, of the public supervisory and enforcement actions to which the Bureau was a party during the preceding year
Actions taken regarding rules, orders, and supervisory actions with respect to covered persons which are not credit unions or depository institutions
Assessment of significant actions by State attorneys general or State regulators relating to Federal consumer financial law
Analysis of the efforts of the Bureau to fulfill the fair lending mission of the Bureau
Analysis of the Bureau to increase workforce and contracting diversity consistent with the procedures established by the Offie of Minority and Women Inclusion
In conjunction with the annual report, the CFPB related the written testimony of CFPB Director Kathleen Kraninger to the House Committee on Financial Services.
The Spring 2019 Semi-Annual Report to Congress can be found here.
The written testimony of CFPB Director Kraninger can be found here.
