Banks, credit card companies and other financial mainstays will be required to comply with new data privacy and retail account portability regulations under a sweeping rule issued Tuesday by the ...

The first step is to create a scalable compliance management system. The first thing a CFPB examiner will do is review a firm’s compliance management system, panelists noted.

Additionally, the CFPB expects companies to maintain comprehensive compliance management systems, including written policies and procedures as well as employee training on those policies and ...

As a former Banking Department Regulator, I have stayed in touch with many of my colleagues presently with State Banking Departments and the CFPB. They all take a similar position as to what is ...

They all take a similar position as to what is required. The primary requirement is to develop and implement a Compliance Management System (CMS). In fact, the states are working hand in glove with ...

The complaint management system was mandated by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, which also created the CFPB.

The CFPB published a policy statement in today’s Federal Register to announce that, going forward, it is establishing a new “Compliance Aids” designation for certain Bureau guidance. The ...

In the words of the CFPB, " [T]he CFPB expects every regulated entity under its supervision and enforcement authority to have an effective compliance management system adapted to its business ...