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.
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.