Items Tagged with 'Ann Wagner'


  • Bipartisan push begins in Congress to change CFPB leadership to commission

    Not the first time for such an effort
    While some congressional Democrats and Republicans are fighting over who’s supposed to be serving as the director of the Consumer Financial Protection Bureau right now, a handful of their colleagues want to do away with the bureau’s single director structure altogether and replace it with a bipartisan commission.
    Read More
  • Internal memo on CFPB's investigation into Wells Fargo fake accounts made public

    House Financial Services Committee Republicans say CFPB rushed to settle case
    Wells Fargo isn’t the only one getting investigated after the mega bank’s massive fake account scandal was uncovered. Republican politicians are pointing a finger back at the embattled government agency that levied the $100 million fine against Wells Fargo, saying the CFPB rushed to settle the case against Wells Fargo without investigation.
    Read More
  • Republican staff: CFPB director slowing down Wells Fargo account scandal investigation

    Lawmakers should prepare to hold Cordray in contempt
    Republican representatives released a staff report on Tuesday, outlining the alleged failure of Consumer Financial Protection Bureau Director Richard Cordray in investigating the massive Wells Fargo fake account scandal. The report from the Oversight and Investigations subcommittee puts into writing some of the frustrations long voiced in hearings over the Wells Fargo scandal.
    Read More
  • Monday Morning Cup of Coffee: Representative continues attack on CFPB in local op-ed

    Plus, who is the man behind reforming Fannie Mae and Freddie Mac?
    Rep. Ann Wagner, R-Mo., doubled down in her battle to unseat Consumer Financial Protection Bureau Director Richard Cordray and overhaul the bureau in a guest commentary for her local newspaper. Meanwhile, looking at another controversial part of Washington, Fannie Mae and Freddie Mac meet the man in charge of reforming them. All of this and more gets unpacked in this week's Monday Morning Cup of Coffee.
    Read More
  • Cordray answers charges that CFPB didn't take lead on Wells Fargo scandal

    Rep. Ann Wagner: "The CFPB was asleep at the wheel"
    During a heated exchange in the Consumer Financial Protection Bureau’s semi-annual hearing in front of the House Financial Service Committee, Rep. Ann Wagner, R-Mo., grilled Director Richard Cordray on the bureau’s lack of initiative in the massive Wells Fargo fake account scandal. Wagner focused the majority of her time on creating a timeline of events to prove her case that the bureau just stood by during the Wells Fargo scandal. In her words, the bureau was asleep at the wheel.
    Read More