In a letter to Rep. Blaine Luetkemeyer (R-Mo.) today, ABA and several financial trade groups expressed support for H.R. 4773, the Consumer Financial Protection Commission Act, a bill that would transition the governance structure of the Consumer Financial Protection Bureau from having a sole director to a five-person, bipartisan commission.
President-Elect Biden today announced that he would nominate Rohit Chopra to serve as director of the Consumer Financial Protection Bureau and Gary Gensler to chair the Securities and Exchange Commission.
The Consumer Financial Protection Bureau’s Task Force on Federal Consumer Financial law today issued an…
The Consumer Financial Protection Bureau today announced the appointment of new members to its Community Bank Advisory Council.
The American Bankers Association joined a broad coalition of financial and housing industry groups today in a letter of support for a recent bill, S. 3990, that would replace the Consumer Financial Protection Bureau’s sole director with a bipartisan, five-member commission.
The high court electrified its docket by deciding to hear two cases on the Consumer Financial Protection Bureau’s leadership structure and the Securities and Exchange Commission’s enforcement power.
As part of its efforts to prevent consumer harm, the Consumer Financial Protection Bureau today announced that it will issue advisory opinions to help companies understand legal and regulatory obligations.
As part of a broader regulatory effort to clarify the role of guidance, the Consumer Financial Protection Bureau is issuing a policy on how regulated entities may use official bureau “compliance aids.”
The Federal Reserve System paid $54.9 billion out of its annual net income to the U.S. Treasury in 2019, according to figures released today.
The Consumer Financial Protection Bureau wants to spur innovation in the use of artificial intelligence and machine learning in financial services, CFPB Director Kathleen Kraninger said today.