Items Tagged with 'Consumer Financial Protection Bureau'

ARTICLES

Senate Democrats to Trump: Do not fire CFPB director, you've been warned

"Why would Trump want to go after the bureau in his first week of office?"
Senate Democrats are adamantly fighting back against growing calls for President-elect Donald Trump to fire Consumer Financial Protection Bureau Director Richard Cordray. This time around Senate Democrats held a press call to emphasize the importance of Cordray and what the consequences would be if Trump attempted to fire him.
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Trump eyes former Rep. Randy Neugebauer to eventually lead CFPB

"No other candidates are being looked at yet"
The uncertain future of the Consumer Financial Protection Bureau isn’t stopping President-elect Donald Trump from weighing his options for a future director to oversee the financial regulator. And the person Trump is currently eyeing, former Rep. Randy Neugebauer, R-Texas, has ties to the CFPB that go way back.
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Democrats won’t let CFPB Director Cordray go without a fight

Cordray’s term set to expire July 2018
Democrats in Congress are banding together to make sure Consumer Financial Protection Bureau Director Richard Cordray won’t be prematurely unseated amid strengthening calls from Republicans to have the director fired. And as a subtle reminder, no president has ever removed an independent agency head for cause. Is Cordray going to be the first?
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The war around CFPB Director Richard Cordray

#DefendCFPB
The controversial position Consumer Financial Protection Bureau Director Richard Cordray sits in is only intensifying as government officials push to have him fired and policy groups urge consumers to defend him. The future of the CFPB and Cordray rests in the fate of two different situations, one of which became one of the top trending hashtags on twitter Monday.
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CFPB announces handful of leadership changes

Five new individuals join leadership team
The Consumer Financial Protection Bureau announced its first leadership changes within the bureau for 2017 following several leadership team changes in 2016. “The mix of experience and talent this group brings will provide great value to the Bureau as we continue to work on behalf of consumers everywhere,” said CFPB Director Richard Cordray.
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CFPB fines TransUnion and Equifax for deceiving consumers with their marketing

Turns out it’s not only TransUnion
HousingWire first broke the news late last week that TransUnion would pay just shy of $17 million as part of a settlement with the CFPB, as revealed by a company filing with the Securities and Exchange Commission. As it turns out, there's more. Today, the CFPB’s report revealed Equifax was fined too.
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Former CFPB attorney pretty much just confirmed the worst fears of the mortgage industry

We may be right, after all
In "The Tragic Downfall of the Consumer Financial Protection Bureau," Ronald Rubin, a former enforcement attorney at the Consumer Financial Protection Bureau and former chief advisor on regulatory policy at the House Financial Services Committee, highlights what he calls the heavy politicization of the CFPB. In doing so, Rubin also just confirmed the worst fears of the mortgage industry.
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TransUnion fined $16.9 million by CFPB for advertising practices

Will repay $13.9 million to consumers
TransUnion, one of the nation’s largest credit reporting agencies, will pay just shy of $17 million as part of a settlement with the Consumer Financial Protection Bureau over the company’s advertising and marketing practices, the company disclosed late in the week.
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Here are HousingWire's top 10 articles of 2016

Thanks to our loyal readers for making this another great year
The past year was record-breaking for HousingWire in just about every metric we have, and that’s all thanks to you, our loyal readers. You push us to do more, to do better, to reach higher, to dig deeper, to keep fighting, and we have no plans of stopping. So here, as we begin a new year, are HousingWire’s top 10 articles of 2016, as determined by our readers.
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CFPB, PHH curry court's favor with competing, combative arguments

Fight continues over "unconstitutional" ruling
With a landmark decision looming, the Consumer Financial Protection Bureau and PHH are continuing their legal battle and attempting to sway the U.S. Court of Appeals for the District of Columbia Circuit into either upholding the court’s initial ruling that declared the agency’s leadership structure unconstitutional or agreeing to rehear the case.
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