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Nearly five years after the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 was signed into law, the Securities and Exchange Commission has entered the final stretch of the rulemaking required of it under the act.
The Dodd-Frank Act granted rulemaking authority under the TILA to the Consumer Financial. Protection Bureau (CFPB). Title XIV of the Dodd-Frank Act included a number of amendments. to TILA, and in 2013, the CFPB issued rules to implement them. Prohibitions on mandatory. arbitration, waivers of consumer rights, as well as requirements that lengthen the time creditors.