CFPB Director Absolved of Possible Hatch Act Violations

CFPB Director Absolved of Possible Hatch Act Violations

In a recent letter, the United States Office of Special Counsel (OSC) found that Consumer Financial Protection Bureau (CFPB) Director Richard Cordray did not violate the Hatch Act, a federal law that prohibits federal employees from engaging in certain political...
Trump Selects Jerome Powell to Lead Federal Reserve

Trump Selects Jerome Powell to Lead Federal Reserve

President Trump announced on Thursday that former investment banker and current Federal Reserve Board Governor Jerome Powell would succeed Janet Yellen early next year to become the next Chair of the Federal Reserve. Powell will still need to be confirmed by the...
Trump Set to Sign Arbitration Rule Repeal

Trump Set to Sign Arbitration Rule Repeal

Following its razor-thin passage in the Senate last week, President Trump is expected to sign the repeal of the Consumer Financial Protection Bureau’s (CFPB) arbitration rule today after both houses of Congress voted to block the implementation of the rule via the...
OCC Expands Discussion On FinTech Charters to Cryptocurrencies

OCC Expands Discussion On FinTech Charters to Cryptocurrencies

In recent months, Acting Comptroller of the Currency Keith Noreika has traveled the country discussing the prospects of special purpose bank charters for financial technology (FinTech) institutions. Noreika is standing in as head of the Office of the Comptroller of...

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