Oversight from the Consumer Financial Protection Bureau hasn’t significantly decreased mortgages made by the nation’s largest banks. It has affected the kinds of mortgages those banks offer, however, say researchers at the New York Fed.
A group of Senate Democrats has demanded an explanation from the acting director of the Consumer Financial Protection Bureau about the vetting process for a now-controversial employee.
The Consumer Financial Protection Bureau is seeking industry and consumer input on its sources of data and how data is used.
An inability to access the internet rather than proximity to a bank branch is a better indicator of credit invisibility, according to a report from the Consumer Financial Protection Bureau.
A new division of the Consumer Financial Protection Bureau is expanding its efforts to promote safe tinkering for revamped disclosures.
After dissolving its three advisory boards earlier this year, the Consumer Financial Protection Bureau has formally reconvened them with new and fewer members who will serve shorter terms.
In his resignation letter, student loan ombudsman Seth Frotman alleged that current bureau leadership has “turned its back on young people and their financial futures.”
Kathleen Kraninger is one step closer to leading the Consumer Financial Protection Bureau after a close vote by the Senate Banking Committee. The committee’s 13 Republicans all voted in favor of the controversial nominee, who is currently a staffer at the Office of Management and Budget, and its 12 Democrats all voted against Kraninger.
The Consumer Financial Protection Bureau settled with the defendants in the Hydra Group payday lending lawsuit regarding the unlawful origination and servicing of short-term, small-dollar online loans to consumers nationwide.
The Consumer Financial Protection Bureau announced a collaboration with 11 financial regulators and related organizations to create the Global Financial Innovation Network.
RSS