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Tag Archives: Consumer Financial Protection Bureau

Kathy Kraninger’s BCFP Nom—Industry Reactions

President Trump recently nominated Kathy Kraninger, an associate director at the Office of Management and Budget, to succeed Mick Mulvaney as Director of the Bureau of Consumer Financial Protection. With a week to let the news settle, how has the industry reacted to her nomination?

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Mulvaney: CFPB to Enforce, ‘Not Become the Law’

CFPB

Speaking at an industry conference this week, Mick Mulvaney, Acting Director of the Consumer Financial Protection Bureau, outlined the bureau’s ongoing shift away from “regulation by enforcement” and toward more regulatory clarity. During a keynote speech at the 2018 REALTORS ...

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CFPB’s Mulvaney Puts Focus on Cost-Benefit Analysis

CFPB

CFPB Acting Director Mick Mulvaney’s tenure at the head of the regulatory organization has been defined by a reexamination of the Bureau’s priorities and purpose. That trend continued this week with the issuance of a new memo written by Mulvaney ...

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Ex-CFPB Director Cordray Wins Ohio Democratic Governor Primary

Richard Cordray, formerly the Director of the Consumer Financial Protection Bureau (CFPB), Tuesday night clinched the Democratic nomination for the governorship of Ohio. Campaigning on both his history at the CFPB and a promise to focus on economic matters affecting ...

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Mulvaney: “The CFPB Never Existed”

CFPB

Speaking at a recent industry event, Acting Consumer Financial Protection Bureau Director Mick Mulvaney told an assembled crowd of bankers that numerous changes were in store for the bureau. Among those changes: the bureau will no longer post consumer complaints ...

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Lawmakers React to Wells Fargo Fine

Wells Fargo will pay CFPB and OCC a billion dollars in fines for overcharging car insurance and mortgage loan consumers. Here’s what lawmakers from both sides are saying.

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House Bill Could Exclude Attorneys from FDCPA

debt

The House Financial Services Committee recently advanced a bill, H.R. 5082, that could have major implications for the default servicing industry, and most especially the law firms that work within it. The bill amends the definition of “debt collectors” under ...

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CFPB Asked to Repeal Mortgage Servicing Amendments

A group of a half dozen trade associations recently sent a letter to Mick Mulvaney, Acting Director of the Consumer Financial Protection Bureau. The letter raises objections over 2016 amendments to the CFPB’s  2013 RESPA and TILA Mortgage Servicer Rule, ...

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“No Further”: CFPB Plan Limits Bureau’s Mission

4:51 p.m. CST // On Monday afternoon, the Consumer Financial Protection Bureau officially released its strategic plan for fiscal years 2018 - 2022, confirming a shift away from enforcement that had been rumored by alleged internal memos earlier during the day. In ...

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CFPB Ruled Constitutional—What Now?

In a split decision, a Washington appeals court has reversed a previous ruling, declaring the structure of the Consumer Financial Protection Bureau to be constitutional after all. The Court of Appeals for the District of Columbia Circuit ruled Wednesday that the ...

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