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...
After months of speculation, the Director of the Consumer Financial Protection Bureau (CFPB), Richard Cordray, announced Wednesday, November 15 that he would be stepping down from his post by the end of the month. His announcement comes just days after an internal...
According to the New York Fed, household debt reached $13 trillion in the 3rd quarter of 2017. Home mortgages remain the bulk of that balance at $8.7 trillion, but a surprise industry caught the attention of the Fed- car loans. At the end of September, auto loans rose...
The Consumer Financial Protection Bureau (CFPB) filed its response on November 6th to a petition by two tribal lending entities (TLEs) to have the U.S. Supreme Court hear a case on the power of the federal consumer watchdog to issue civil investigative demands (CIDs)...