CFPB Will Not Proceed With Name Change, Says Kraninger

The Consumer Financial Protection Bureau (CFPB) will halt efforts made by the agency’s previous director to change its name to match the original designation it was given in 2010’s Dodd–Frank Wall Street Reform and Consumer Protection Act. This is according to an email sent by new CFPB director Kathleen L. Kraninger to agency employees on […]

Former CFPB Director Mulvaney Named Acting White House Chief of Staff

Mick Mulvaney, former acting director the Consumer Financial Protection Bureau (CFPB), will be named acting White House Chief of Staff according to a Friday tweet by President Donald J. Trump. “I am pleased to announce that Mick Mulvaney, Director of the Office of Management & Budget, will be named Acting White House Chief of Staff, […]

CFPB: Low Housing Payments Signal Better Senior Financial Well-Being

Older American homeowners have a greater degree of financial well-being than those who do not own a home, while lower housing costs are also correlated to more positive financial well-being. This is according to a survey titled “Financial Well-being of Older Americans,” released by the Consumer Financial Protection Bureau (CFPB) Office of Financial Protection for […]

Kraninger Sworn in at CFPB as Waters Decries Weakened Enforcement

After her confirmation last week in the United States Senate, Kathleen L. Kraninger was sworn in as the new, full-time director of the Consumer Financial Protection Bureau (CFPB) on Monday afternoon. She made her “media debut” on Tuesday, answering questions from the press on her first full day on the job. Meanwhile, California Congresswoman Maxine […]

Senate Confirms Kathleen Kraninger as CFPB Director

The United States Senate voted along narrow party lines on Thursday to confirm Kathleen L. Kraninger as the new full-time director of the Consumer Financial Protection Bureau (CFPB) for a term of five years. After a vote of 50-49, Kraninger will become the first full-time director the agency has had since the resignation of inaugural […]

Senate Set to Move Ahead on Kraninger Nomination for CFPB Director

Kathleen Kraninger moved one step closer to leading the Consumer Financial Protection Bureau Thursday in a narrow vote of the Senate. The 50-49 vote in favor of ending debate on her nomination clears the way for a full confirmation vote sometime within the next five days. The matter of CFPB’s leadership is of particular interest […]

Three Predictions for the CFPB in 2019

The Consumer Financial Protection Bureau (CFPB) has seen changes in its activities ever since former director Richard Cordray stepped down in November of 2017. His successor, current acting director Mick Mulvaney, has made a series of changes during his tenure on matters as big as the enforcement actions the bureau makes, and as small as […]

Senate Committee Advances Kraninger’s Nomination to Lead CFPB

The president’s nominee to permanently replace Mick Mulvaney at the top of the Consumer Financial Protection Bureau cleared one major hurdle on Thursday, receiving confirmation by the Senate Banking Committee. Kathy Kraninger narrowly made it through the first step of her confirmation process, gaining the committee’s approval with a 13-12 vote split evenly down party […]

Mulvaney Names First Director of CFPB Innovation Office

Consumer Financial Protection Bureau acting director Mick Mulvaney on Wednesday named the first leader for the department’s newly formed Office of Innovation. Paul Watkins, formerly in charge of financial technology initiatives for the attorney general of Arizona’s office, will take the helm of the innovation office, announced as part of a larger restructuring of the […]

NRMLA Comments: CFPB “Guidance” Should Not be Treated as Rule

Informal guidance from the Consumer Financial Protection Bureau (also known as the Bureau of Consumer Financial Protection) should not be treated as rule from a compliance standpoint, according to a position held by the National Reverse Mortgage Lenders Association that was submitted in formal comments to the Bureau this week. Responding to a Request for […]