Jo Ann Barefoot is co-chair of Treliant Risk Advisors and a former Deputy Comptroller of the Currency. She recently took a few moments to answer these questions for CFPB Journal.
On Sept. 15, the Consumer Financial Protection Bureau’s Raj Date delivered his first public speech in his role with the agency, titled Lessons Learned from the Financial Crisis: The Need for the CFPB at the National Constitution Center in Philadelphia.
Harvard Professor Elizabeth Warren, credited with creating and standing up the Consumer Financial Protection Bureau, officially announced Sept. 14 that she will run for the U.S. Senate.
First came the “joint statement of principles” between the CFPB and the state attorneys general, then there was the controversy over then-CFPB head Elizabeth Warren’s involvement in the 50-state mortgage servicer settlement negotiations lead by Iowa Attorney General Tom Miller.
Unlike the contentious hearings with Elizabeth Warren, the Senate Banking Committee’s exchange with Rich Cordray on Sept. 6 could be called cordial, if anticlimactic.
Go ahead, regulate the competition – that’s the message banking trade groups sent loud and clear to the Consumer Financial Protection Bureau.