Noting that she was doing so at the request of the new Biden administration, Consumer Financial Protection Bureau (CFPB) Director Kathleen (“Kathy”) Kraninger resigned Wednesday shortly after 12:45 p.m. ET. She had served about 25 […]
By tapping Rohit Chopra as the intended nominee for next director of the federal consumer financial protection agency, the incoming Biden administration is signaling that changes are coming to leadership of federal financial institution regulation. […]
While probably not at the top of the list of priorities for the apparent winner of the 2020 president election, his new administration will have decisions to make about who leads, or serves on the […]
Usually, when a witness appears before a congressional committee, she or he receives a warm welcome from the committee’s chairperson or at least some words like “thanks for being here” (whether heartfelt or not). It […]
A Supreme Court ruling Monday that lets the federal consumer financial protection agency continue in operation – but finds that the president may remove its director at will – means that the agency’s rules continue to govern […]
The director of the Consumer Financial Protection Bureau (CFPB) on Tuesday told real estate industry and financial literacy meeting attendees that the bureau received the highest monthly number of consumer complaints in the bureau’s history […]
May will be a big month for two rules – through proposed amendments to “qualified mortgage” (QM) regulations and finalized remittances regulations – from the federal consumer financial protection agency, its director said Tuesday. Specifically: […]
The “qualified mortgage” (QM) rule will be amended by moving away from the 43% debt-to-income (DTI) ratio requirement to a new threshold, according to a proposal outlined by the director of the federal consumer financial […]
A final, revised rule on payday lending is anticipated for April of next year, the director of the Consumer Financial Protection Bureau (CFPB) said Tuesday, following review of approximately 190,000 comments from stakeholders. In a […]
Citing a laundry list of 94 separate items – under six separate categories – of “work” accomplished, the director of the federal consumer financial protection agency Tuesday celebrated her first year as head of the […]
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