INTENT TO SOLE SOURCE American Banker. SS-CFPB-15-0025 The Bureau of the Fiscal Service (Fiscal Service), on behalf of the Consumer Financial Protection Bureau (CFPB), intends to contract with Source Media, One State Street, New York, NY 10004, on a sole source basis, under authority of FAR 6.302-1, for access to American Banker. Source Media has been identified as the only source capable of providing the required content in an arrangement that meets the needs of the CFPB. In 2010 Congress passed and President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Dodd-Frank Act). This act created the Consumer Financial Protection Bureau. Congress established the CFPB to protect consumers by carrying out Federal consumer financial laws. The consumer bureau's core functions can be described but are not limited to the following: 1. Conduct rule-making, supervision, and enforcement for Federal consumer financial protection laws 2. Restrict unfair, deceptive, or abusive acts or practices 3. Take consumer complaints 4. Promote financial education 5. Research consumer behavior 6. Monitor financial markets for new risks to consumers 7. Enforce laws that outlaw discrimination and other unfair treatment in consumer finance As part of a foundational package of information resources American Banker, provided by Source Media, is the only responsible source that can meet the CFPB's need for a robust selection of industry information resources. When CFPB supervision and enforcement attorneys engage with opposing counsel representing banks and other financial institutions on these issues, without the benefit of having read this publication, CFPB is placed at a severe disadvantage; undermining the first core function of the bureau as outlined above. In addition to covering regulatory reform, banking industry and the markets, the American Banker covers the unique activities of the bureau in order to satisfy specific operation needs related to consumer finance as documented below. American Banker has a microsite specifically dedicated to Dodd-Frank Reform, as stated above the bureau was created from the Dodd-Frank Act (Title X). Topics within this American Banker subscription include: a comprehensive database of bank rankings, league tables and vital statistics, average deposit and loan rates by product and by state, quarterly assessment of the key metrics that drive bank performance, comparative analysis of deposit, loan, and investment product performance and peer evaluations of compliance based on the primary regulatory metrics and ratios. In order to support its rulemaking and other functions the CFPB is congressionally mandated to monitor for risks to consumers in the offering or provision of consumer financial products or services including developments in markets for such products or services as set forth in Section 1022(c)(1) of the Dodd-Frank Act. NO SOLICITATION IS AVAILABLE. A request for more information, or a copy of the solicitation, will not be considered an affirmative response to this Special Notice. Telephone responses or inquiries to this Special Notice will NOT be accepted. Fiscal Service will consider written responses received no later than February 19, 2015 at 2:00 pm EST. Responses must be submitted electronically to
[email protected], Attn:EDG/CG. Responses must include sufficient evidence that clearly shows the vendor is capable of providing the requested data. If no written response is received that clearly demonstrates an ability to meet all requirements, is more advantageous to the Government, and is received by the aforementioned deadline, Fiscal Service shall make award on a sole source basis for a 12-month base period and two 12-month option periods to Source Media.