The Association of Sales & Marketing Companies (ASMC) has elected Brenda Lotesta, CPFB
, President/COO Foodservice of Durst Brokerage, Inc., Chicago, IL, Chair of ASMC's Foodservice Board of Directors.
(3) Congress consolidated in the CPFB the consumer financial protection functions of multiple federal agencies and vested with the new agency broad authority over segments of the consumer financial services market that were previously not subject to federal regulation.
In addition to the final rules discussed above, the CPFB proposed two significant rulemakings in the summer of 2016 that remain under consideration.
Under the Dodd-Frank Act, the CPFB
will oversee nearly every actor in the financial system--regardless of size, prudential regulator or status as federal or state-chartered entity.
provision has been expressly incorporated in a CPFB regulation).
CPFB's independence and undermine its effectiveness.
Id.; The CPFB
's complaint database can be found here: http://www.consumerfinance.gov/complaintdatabase.