The Consumer Financial Protection Bureau taskforce on federal consumer financial law released a report last week with recommendations on how to improve consumer protection in the financial marketplace.
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Kathy Kraninger, director of the Consumer Financial Protection Bureau, has resigned at the request of President Biden.
President-elect Joe Biden announced numerous appointments on Monday, including Rohit Chopra to be the director of the Consumer Financial Protection Bureau.
The Consumer Financial Protection Bureau issued a consent order against Omni Financial of Nevada, Inc., last week requiring the company to pay a $2.175 million civil money penalty.
The Consumer Financial Protection Bureau has named Jocelyn Sutton as deputy chief of staff and Ann Epstein as assistant director of the office of innovation.
Early feedback indicates small businesses generally support measures to implement Dodd-Frank Act Section 1071, which governs the collection and reporting of small business lending data.