Opinions Abound on the Future of the CFPB

Opinions Abound on the Future of the CFPB

As many wait anxiously for the en banc D.C. Circuit Court to rule on the constitutionality of the agency, there is no shortage of highly-respected industry leaders, former government officials, current members of Congress, and interest groups weighing in on the...
HFS Staff Report Details CFPB Missteps in Wells Fargo Scandal

HFS Staff Report Details CFPB Missteps in Wells Fargo Scandal

Staff for the House Financial Services (HFS) Committee released a report late Tuesday detailing the Consumer Financial Protection Bureau’s (CFPB) handling of the account scandal that left millions of Wells Fargo customers owing fees on checking and saving accounts...
Fed Shows Worth as Trump Considers Next Chair

Fed Shows Worth as Trump Considers Next Chair

The Federal Reserve acts as the central bank for the United States, setting American monetary policy, promoting financial stable markets, supervising financial institutions, maintaining the safety and efficiency of American payment systems, and pursuing community...
CFPB Issues Supervisory Highlights for Summer 2017

CFPB Issues Supervisory Highlights for Summer 2017

The Consumer Financial Protection Bureau (CFPB) recently published a report on its supervisory activity for the period from January 2017 to June 2017. The purpose of CFPB supervision is to determine if an institution is complying with federal laws and impose...
OCC FinTech Charters Still Not Ready for Deployment

OCC FinTech Charters Still Not Ready for Deployment

Speaking to a conference this week in New York, Acting Comptroller of the Currency Keith Noreika reiterated that his agency’s proposal to issue special purpose bank charters to fintech companies is still in an “exploratory phase.” His comments come at a time when...

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