As part of the agency’s financial education mandate, the Consumer Financial Protection Bureau released a report this week chronicling consumer experiences with bank account overdraft coverage. The study found that many account holders did not understand how their...
The Consumer Financial Protection Bureau (CFPB) asked a federal judge in California on November 19th to hit CashCall with $287 million in restitution and penalties for making thousands of loans that borrowers were not legally obligated to repay. CashCall worked...
Federal Reserve Chair Janet Yellen announced this week that she will be leaving the Federal Reserve Board entirely when her term as chair runs out in February 2018. She previously served as President of the San Francisco Fed before taking a vice-chair position in 2010...
With the recent news that current Consumer Financial Protection Bureau (CFPB) Director Richard Cordray will step down by the end of the month, the Trump Administration is rumored to be considering Office of Management and Budget (OMB) Director Mick Mulvaney to manage...
Waiting patiently since his nomination back in June, former president and CEO of OneWest Bank Joseph Otting was confirmed by the Senate to become the next leader of the Office of the Comptroller of the Currency (OCC). At OneWest, Otting served with Treasury Secretary...
With the news earlier this week that the Director of the Consumer Financial Protection Bureau (CFPB), Richard Cordray, would leave his post by the end of the month, members of the financial services industry and Washington insiders are already speculating on who might...
