The White House is considering Former CFPB Director Richard Cordray to serve as its top Fed banking regulator, according to the Wall Street Journal.
The CFPB is bolstering its enforcement division with a new head attorney from the Obama-era DOJ.
The CFPB has joined an interagency memorandum aiming to ensure that financial services institutions take proper precautions for the impending transition away from the beleaguered LIBOR index.
Director Chopra announced several new key leadership appointments, including two former Obama-era officials and a Biden campaign alum.
The news of incoming CFPB Director Rohit Chopra’s confirmation has inspired many feelings from the mortgage industry, but a forward-looking attitude from the reverse mortgage trade association.
The CFPB settled a lawsuit against the nation’s largest reverse mortgage lender for allegedly sending consumers inflated home valuations.
After months of delays and political roadblocks, the U.S. Senate on Thursday voted to confirm Federal Trade Commissioner Rohit Chopra as the third director of the Consumer Financial Protection Bureau.
According to CFPB data analyzed by AARP, reverse mortgages are far down the list when looking at the sources of financial “pain points” for seniors.
The Senate is poised to advance the nomination of Rohit Chopra as director of the Consumer Financial Protection Bureau (CFPB) after being held up since President Biden’s inauguration in January.
The Boston College Center for Retirement Research aims to dive deeper into troubling CFPB data regarding the financial stability of seniors needing to make mortgage payments.