Browsing: CFPB

Acting Consumer Financial Protection Bureau Director and Office of Management and Budget Director Russell Vought.Bloomberg News Processing ContentKey insight: The Consumer Financial Protection Bureau is recruiting…

Processing ContentKey insight: The agency’s enforcement and supervision units would face the heaviest hits, with staffing plummeting by 80%.Supporting data: CFPB officials alleged that a new…

While noting the upside to President Trump’s new executive order to expand home lending among community financial institutions, the Mortgage Bankers Association’s top executive added a…

Key insight: The court declared that Consumer Financial Protection Bureau Director Russell Vought’s decision not to request funding for the agency was a “transparent display of…

Processing ContentKey insight: CashCall is officially on the hook for a $134 million restitution payout to compensate consumers who were harmed by the company’s illegal loan…

What’s at Stake: The CFPB’s top managers want to fire 90% of the staff, which would both dramatically reduce the agency’s headcount and severely cripple the…

Russell Vought, director of the Office of Management and Budget and acting director of the Consumer Financial Protection Bureau.Bloomberg News Processing ContentWhat’s at stake: The appeals…

Processing ContentKey Insight: The high-stakes case revolves around the actions of Russell Vought and President Trump’s publicly stated goal to eliminate the CFPB, challenging Congress’ authority…

Key insight: A report from the White House Council of Economic Advisers claimed that the Consumer Financial Protection Bureau’s rules raised consumer interest rates and reduced…

What’s at stake: Consumer advocates and some corporate debt collectors fear that possible changes to the consumer complaint portal — such as mandatory two-factor authentication and…