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Representative Sean Duffy (R-Wis.) called on President Barack Obama to forward a plan to resolve the race and gender discrimination issues at the Consumer Financial Protection Bureau.
Three recent Freedom of Information Act (FOIA) requests have revealed highly questionable expenditures by the Consumer Financial Protection Bureau.
The Consumer Financial Protection Bureau said it will not attend the April 2 hearing of the House Financial Services Committee on employee discrimination at the bureau.
The Consumer Financial Protection Bureau is in the late stages of formulating rules for payday lenders, according to remarks made by CFPB Director Richard Cordray at a field hearing in Nashville, Tenn.
According to a recent financial statement issued by the Federal Reserve, spending by the Consumer Financial Protection Bureau rose by nearly half, to $563 million in 2013 from $385 million in 2012.
Consumers are being “hounded” by debt collectors, according to a report by the Consumer Financial Protection Bureau.
The CFPB has attracted scrutiny from Republican congressmen and conservative watchdogs over its headquarters renovation.
The Consumer Financial Protection Bureau may not regulate community banks directly but it is affecting the actions of banks’ primary regulators, commented speakers at a conference last month in Milwaukee.
Oversight of credit reporting companies remains a priority for the Consumer Financial Protection Bureau.
The Consumer Financial Protection Bureau has filed a lawsuit against ITT Educational Services, Inc., accusing the for-profit college of predatory student lending.