[ad_1]
The House Financial Services Committee’s October hearing schedule includes a full committee meeting titled “Bringing Consumer Protection Back: A Semi-Annual Review of the Consumer Financial Protection Bureau” at 10 a.m. EDT Oct. 27.
If sworn in by the White House, Rohit Chopra will likely testify as director of the Consumer Financial Protection Bureau during the hearing.
Chopra’s nomination was advanced in the U.S. Senate with a tie-breaking vote from Vice President Kamala Harris to serve as the third permanent director of the CFPB, ACA International previously reported. Chopra was nominated by President Joe Biden in January.
ACA CEO Mark Neeb sent a letter to Chopra following the Senate vote, outlining industry thoughts on CFPB policymaking. In the letter, Neeb expressed congratulations on behalf of the accounts receivable management industry and urged the bureau to collaborate with ACA.
“ACA has served as a resource to the CFPB and has enjoyed collaborating on financial literacy projects as well as other direct outreach initiatives to improve consumer outcomes,” Neeb said. “ACA is eager to regularly meet with you and your team to provide perspective, feedback, and data, all of which will benefit consumers, creditors, and the ARM industry.”
He added, “Unfortunately, when information about the debt collection industry relied upon during policymaking is one-sided, or embellished upon by certain groups, the resulting policies negatively impact the ARM industry as well as consumers and creditors.”
Neeb also outlined views on Regulation F implementation, as well as the need for transparency and due process from the CFPB. Read the full letter here.
The House Financial Services Committee’s October hearing schedule also includes:
- Oct. 12 at noon EDT: The Subcommittee on Housing, Community Development and Insurance will convene for a virtual hearing titled, “Zoned Out: Examining the Impact of Exclusionary Zoning on People, Resources, and Opportunity.”
- Oct. 13 at noon EDT: The Task Force on Artificial Intelligence will convene for a virtual hearing titled, “Beyond I, Robot: Ethics, Artificial Intelligence, and the Digital Age.”
- Oct. 14 at noon EDT: The Subcommittee on Oversight and Investigations will convene for a virtual hearing titled, “Cashed Out: How a Cashless Economy Impacts Disadvantaged Communities and Peoples.”
- Oct. 20 at 10 a.m. EDT: The full committee will convene for a hybrid hearing titled, “The State of the International Financial System and U.S. Participation in the International Financial Institutions.”
- Oct. 21 at 10 a.m. EDT. The full committee will convene for a hybrid markup.
- Oct. 26 at 10 a.m. EDT: The Subcommittee on Investor Protection, Entrepreneurship and Capital Markets will convene for a hybrid hearing titled, “Taking Stock of ‘China, Inc.’: Examining Risks to Investors and the U.S. Posed by Foreign Issuers in U.S. Markets.”
To receive notifications about ACA content—including member alerts, upcoming events and new products—text ALERTS to 96997.
[ad_2]
Source link
