Acting Comptroller Warns of Rising Costs with Arbitration Rule

Acting Comptroller Warns of Rising Costs with Arbitration Rule

Speaking to a fintech conference at the Federal Reserve Bank of Philadelphia earlier this week, Acting Comptroller of the Currency Keith Norieka informed attendees that the Consumer Financial Protection Bureau’s (CFPB) recently published arbitration rule would...
Cordray Proposes On-Site Monitoring for Big 3 Credit Bureaus

Cordray Proposes On-Site Monitoring for Big 3 Credit Bureaus

On the heels of news that Equifax, a credit bureau, had sensitive information for more than 143 million Americans stolen in a massive security breach, the Director of the Consumer Financial Protection Bureau (CFPB), Richard Cordray, announced the big 3 credit...
Fed OIG Criticizes CFPB in Two New Reports

Fed OIG Criticizes CFPB in Two New Reports

The Federal Reserve’s Office of the Inspector General (OIG), which also oversees the Consumer Financial Protection Bureau (CFPB), published two separate reports late last week on the CFPB’s supervisory and enforcement divisions. The first report reviewed the Bureau’s...

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