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...
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...

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