RSSTrump CFPB nominee lays out views in nomination hearing
Consumer Financial Protection Bureau Director-nominee Brian Johnson said the agency would fulfill its statutory obligations if he is approved to lead the bureau.
Author Archives: Sam Wilmes
CFPB Acting Director calls for Congressional funding mechanism
Acting Director Russell Vought sees the agency he leads as broken and in need of facing the Congressional appropriations process. Vought outlined his support for overhauling the Consumer Financial Protection Bureau’s funding from a standalone agency July 15 during an at-times intense three-hour testimony before the House Financial Services Committee. “The bureau remains structurally defective,” …
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Trump nominates CFPB director
President Donald Trump nominated financial executive Brian Johnson to be director of the Consumer Financial Protection Bureau.
Trump orders changes to mortgage regulations
President Donald Trump last week directed federal regulators — including the Consumer Financial Protection Bureau — to cut back on mortgage regulations to enable greater community bank involvement in the sector. Trump’s executive order, issued March 13, directed changes to Regulation Z of the Truth in Lending Act to tailor ‘ability-to-replay’ and a potentially broader …
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Democrats call for stop to CFPB winddown
Nearly 200 Democrats and independent members of Congress recently filed an amicus brief calling on courts to stop what they see as the Trump administration’s push to dismantle the Consumer Financial Protection Bureau.
CFPB withdraws Biden-era guidance on immigrants, credit
The Consumer Financial Protection Bureau and Department of Justice recently withdrew guidance warning lenders of the legal risks surrounding considering immigration status for credit.
Office of Inspector General finds weaknesses in CFPB cybersecurity approach
The Consumer Financial Protection Bureau’s method to secure its information systems has weakened in recent months amid a loss of contractors and bureau personnel, according to a recent audit by the Federal Reserve Office of Inspector General.
CFPB receives nearly 14,000 comments on open banking revamp proposal
The Consumer Financial Protection Bureau received nearly 14,000 comments on its proposed revamp of Section 1033 before the Oct. 22 public comment deadline, according to a public database.
CFPB, Synapse reach settlement in lawsuit
The Consumer Financial Protection Bureau has reached a proposed settlement with Synapse Financial Technologies for allegedly failing to keep adequate records of the location of consumers’ funds.
CFPB outlines revised nonbank supervision plan
The Consumer Financial Protection Bureau is proposing a new standard for supervising nonbanks.
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