Dave Uejio, acting director of the Consumer Financial Protection Bureau (CFPB), announced late last week some changes to the agency’s policies he outlined in an email to Bureau staff. Because of the scale of the announcement, Uejio elected to release the email publicly via the CFPB’s official blog. “I know that the Bureau’s staff shares […]
Acting Director of the Consumer Financial Protection Bureau (CFPB) David Uejio does not intend to be a passive functionary as Biden administration nominee Rohit Chopra awaits Senate confirmation, telling staff in an email that he intends to begin focusing on the new administration’s priorities ahead of Chopra’s confirmation. This is according to an internal CFPB […]
The U.S. Department of Housing and Urban Development (HUD) has installed a new acting leadership team and a new permanent chief of staff, while the Consumer Financial Protection Bureau has also appointed a new acting director while new full-time positions are awaiting the Senate confirmation process according to announcements issued by the White House and […]
Director of the Consumer Financial Protection Bureau (CFPB) Kathleen Kraninger has resigned from her position as head of the agency, reportedly at the request of the Joe Biden administration. This is according to the former director herself, issuing a tweet including her resignation letter on Wednesday afternoon. In her letter addressed to President Biden, Kraninger […]
President-elect of the United States Joe Biden has nominated Federal Trade Commissioner Rohit Chopra to serve as the new director of the Consumer Financial Protection Bureau (CFPB), signaling that the incoming Biden administration aims to return the Bureau to its original enforcement posture according to reporting at the Washington Post. Chopra, who has served as […]
The American financial sector is concerned about the potential actions of the Consumer Financial Protection Bureau (CFPB) in 2021, owing to changes that the incoming administration could make to the agency’s regulatory posture particularly as it pertains to the Bureau’s use of its enforcement authority. This is according to reporting at Bloomberg. “Banks should be […]
With less than one week remaining until general election ballots in the U.S. are counted, financial firms and traditional mortgage lenders across the country are preparing for the possibility that former Vice President Joe Biden could become the next President of the United States. If Biden wins, then the possibility accompanying that win would be […]
Regulatory enforcement actions made by the Consumer Financial Protection Bureau (CFPB) have risen to their highest level in five years, to levels not seen since the Bureau was under the control of Director Richard Cordray during the Barack Obama Administration. This is according to an analysis of the CFPB Online Enforcement Database at Law360. While […]
The Consumer Financial Protection Bureau (CFPB) has provided guidance for senior consumers on how to best avoid scams stemming from renewed efforts by bad actors in the midst of the COVID-19 coronavirus pandemic. Representatives from the Bureau, the Federal Trade Commission (FTC) and the Department of Health and Human Services (HHS) went over these practices […]
The Consumer Financial Protection Bureau (CFPB) announced the appointment of new members to four of its advisory boards including the Consumer Advisory Board (CAB), Community Bank Advisory Council (CBAC), Credit Union Advisory Council (CUAC), and Academic Research Council (ARC). They will advise CFPB leadership on issues related to both market trends and emerging consumer financial […]
