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Tag Archives: Consumer Financial Protection Bureau

Fed OIG’s Report on Alleged Discrimination Within CFPB Made Public

The Federal Reserve Inspector General made his findings of the investigation of discrimination in the Consumer Financial Protection Bureau (CFPB) public Monday, stating the CFPB has made progress in combatting discrimination, but still was work to do. Last week, legislation was introduced to replace the director of CFPB with a five-person committee to combat the alleged overreach of the Bureau, according to House Financial Services Committee (HFSC) Chairman Jeb Hensarling (R-Texas).

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Neugebauer Introduces CFPB Reform Bill

U.S. Representative Randy Neugebauer (R-Texas) introduced a bill this week intended to replace the director of the Consumer Financial Protection Bureau (CFPB) with a five-member commission. He announced his plan to support legislation in his testimony at House Financial Services Committee (HFSC) hearing held on Tuesday, March 3.

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Bipartisan Legislation Introduced to Create Independent Inspector General for CFPB

One of the major complaints of the Consumer Financial Protection Bureau (CFPB)'s critics is a lack of Congressional oversight for the Bureau. Lawmakers have re-introduced a bipartisan bill in the U.S. House of Representatives in an attempt to change that. U.S. Representative Steve Stivers (R-Ohio), along with U.S. Representative Tim Walz (D-Minnesota) re-introduced the Bureau of Consumer Financial Protection-Inspector General Act of 2015, a bill that would create the position of an independent Inspector General for the CFPB.

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CFPB Fines Two Lenders $35.7 Million for Kickback Scheme

Wells Fargo and JPMorgan have agreed to pay a combined $35.7 million in penalties and redress over their roles in an alleged kickback scheme with a Maryland title company, according to an announcement from the Consumer Financial Protection Bureau (CFPB) on Thursday.

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