CFPB/DFA (Dodd Frank Act) Compliance

What is CFPB/DFA (Dodd Frank Act) Compliance?

The Consumer Financial Protection Bureau (CFPB) has oversight over lending regulations with a view to prevent overly risky lending practices. The Dodd Frank Act (DFA) was established in response to the financial crisis of 2008 to govern specific lending and trading practices of major financial firms. Components of the Dodd Frank Act address loans, derivatives, whistle blowing practices, regulatory reserve requirements, bonds and speculative trading.

24By7 Security

Our services for CFPB/ DFA compliance

24By7Security, Inc. follows a number of steps in the CFPB/ DFA assessment which include:

  • Assessment of internal controls
  • Review of documents, policies and procedures.
  • Due diligence of project management and process management.
  • Conduct security risk assessment.
  • Review risk mitigation strategies and documentation.
  • Review best practices.
  • Detailed report with findings and recommendations.
CFPB-DFA - Frank Dood Act