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.”
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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.
In a comment letter on Monday, the American Bankers Association commended the Consumer Financial Protection Bureau for its decision to provide the public with notice and the opportunity to comment each time it conducts testing of consumer financial disclosures.
The Supreme Court today said it would review the constitutionality of the Consumer Financial Protection Bureau’s single powerful director, who can be removed by the president only “for cause,” not at will.
The Consumer Financial Protection Bureau today announced the appointment of new members to its Community Bank Advisory Council.
The Consumer Financial Protection Bureau will continue to publish a database of consumer complaints, but it will make several key changes to increase transparency and provide full context for consumers, the agency announced today.
The Consumer Financial Protection Bureau will not defend the constitutionality of its leadership structure—with a single powerful director who can be removed by the president only “for cause,” not at will—according to letters sent by CFPB Director Kathy Kraninger.
The federal banking agencies are working to reduce excessive supervisory burdens through automation and shared data submission, Consumer Financial Protection Bureau Director Kathy Kraninger said today at the ABA Regulatory Compliance Conference in New Orleans.
On the latest episode of the ABA Banking Journal Podcast, Minnesota community bank CEO Bryan Bruns talks about what community banking looks like in his market, his bank’s recent anniversary and his role as a member of the Consumer Financial Protection Bureau’s Community Banker Advisory Board.