Former Business Mentor to Scott Tucker Suffers Same Fate in Federal Court for Rent-a-Tribe Scheme
← Previous Article Next Article → On November 26th a federal court jury in Philadelphia found former payday lending mogul Charles Hallinan and his business attorney Wheeler Neff guilty of racketeering and fraud. Hallinan was convicted for utilizing the same...
Confusion Dominates as Trump and Cordray Each Appoint Interim CFPB Directors
← Previous Article Next Article → On the day after Thanksgiving when most Americans were out shopping for the holidays, outgoing Consumer Financial Protection Bureau (CFPB) Director Richard Cordray quietly appointed his Chief of Staff, Leandra English, as...
CFPB Report Details Consumer Experiences with Overdraft Protections
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...
CFPB: CashCall Owes $287 Million in Restitution, Penalties
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...
Yellen Leaving Fed in 2018 When Her Term as Chair Expires
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...
OMB Head Mulvaney Expected to Lead CFPB for the Interim
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...
Otting Confirmed as Comptroller of the Currency
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...
A Look At Early Favorites to Become the Next CFPB Director
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...
