House Wants to Change Rules on Agency Guidance as Senate Rolls Some Back
← Previous Article Next Article → Representatives Sean Duffy (R- WI) and Ed Perlmutter (D- CO) announced a bipartisan bill that would clarify how the Consumer Financial Protection Bureau (CFPB) issues guidance on consumer laws. House Resolution 5534, also...
DC Circuit Hears Oral Arguments in CFPB Leadership Battle
← Previous Article Next Article → The D.C. Circuit Court recently heard oral arguments on Leandra English’s appeal of a lower court decision that retained Mick Mulaney as the acting director of the Consumer Financial Protection Bureau (CFPB). CFPB Deputy...
Congress Could Test Limits of CRA by Repealing CFPB Guidance from 2013
← Previous Article Next Article → A new bill in the Senate under the authority of the Congressional Review Act (CRA) is targeting guidance issued by the Consumer Financial Protection Bureau (CFPB) on auto lending discrimination five years ago. Back in 2013,...
Lending Abuses Earn Wells Fargo a $1 Billion Fine
← Previous Article Next Article → Embattled and fraud-stricken bank Wells Fargo is once again under threat from federal regulators for abuses- this time stemming from adding unwanted insurance policies to auto loans and collecting significant commissions for...
Senate Banking Takes Turn Questioning Mulvaney on New Look CFPB
← Previous Article Next Article → Just one day after acting Consumer Financial Protection Bureau (CFPB) Director Mick Mulvaney fielded questions from the House Financial Services Committee, he appeared before the Senate Banking Committee to discuss his...
Mulvaney Explains Major Policy Changes at CFPB to Divided HFS Committee
← Previous Article Next Article → On April 11th, the House Financial Services Committee (HFS) brought the Consumer Financial Protection Bureau’s (CFPB) acting director, Mick Mulvaney, to testify about the agency’s recently published semi-annual report. The...
OCC Inching Toward FinTech Charters
← Previous Article Next Article → Comptroller of the Currency Joseph Otting spoke earlier this week on recent developments in his office’s proposal to offer special purpose bank charters to FinTech companies. The Office of the Comptroller of the Currency...
Payday Trade Association Files Suit Challenging Small Dollar Rule
← Previous Article Next Article → The Community Financial Services Association of America (CFSA), a trade group representing payday lenders, teamed up with the Consumer Service Alliance of Texas this week to file a complaint against the Consumer Financial...
