Supreme Court Assigns Defender of the CFPB
Last week, the U.S. Supreme Court appointed Paul Clement to defend the constitutionality of the Consumer Financial Protection Bureau (CFPB) in Seila Law v. CFPB. Normally, the Department of Justice would defend the CFPB in a case such as this, but the Trump...
House Passes Financial Inclusion Bill
On October 28, the House of Representatives passed the Financial Inclusion in Banking Act, a bill that aims to address “systemic barriers in traditional banking and promotes greater inclusion in our nation’s financial system.” According to Congressman David Scott, who...
Congressional Democrats Urge CFPB to Continue Gathering Mortgage Data
Senator Sherrod Brown, Ranking Member of the Senate Banking Committee, sent a letter to Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger urging her and the CFPB to continue collecting Home Mortgage Disclosure Act (HDMA) data, which the letter says...
