ABSTRACT

Dodd-Frank Regulations: Consumer Financial Protection Bureau Needs a Systematic Process to Prioritize Consumer Risks, Report to Congressional Addressees   [open pdf - 843KB]

From the Highlights: "The Dodd-Frank Act created CFPB [Consumer Financial Protection Bureau] to regulate the provision of consumer financial products and services. Congress included a provision in statute for GAO [Government Accountability Office] to study financial services regulations annually, including CFPB's related activities. This eighth annual report examines steps CFPB has taken to (1) identify, monitor, and report on risks to consumers in support of its rule makings and other functions and (2) retrospectively assess the effectiveness of certain rules within 5 years of their effective dates. GAO reviewed CFPB policies and procedures, internal and public reports, and memorandums documenting key decisions, assessment plans, and requests for public comment. GAO also interviewed officials from CFPB, three federal agencies with which it coordinated, and representatives of consumer and industry groups."

Report Number:
GAO-19-158
Publisher:
Date:
2018-12
Copyright:
Public Domain
Retrieved From:
Government Accountability Office: https://www.gao.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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