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CFPB leadership wrangling keeps going

CFPB leadership wrangling keeps going

Two would-be acting chiefs to butt heads in court as friends begin lining up
Filling Richard Cordray's chair at CFPB matters twice—once for acting director and finally for the official director.

As Act I ends, thoughts on CFPB Act II

Cordray’s impending departure raises hopes and speculation
"No dice, Director." Rejecting this plea from CFPB, President Trump undid the bureau's arbitration rule.

Trump signs CFPB arbitration rule override

11th-hour appeal by Director Cordray predictably failed to move President
Bureau's latest move is one more in an ongoing match over third-party data access.

Entrée to U.S. consumer data sharing?

CFPB outlines principles for consumer-authorized third-party sharing and aggregation
Now mortgage reporting offers more choice in which rules to follow, after CFPB changed the rules.

CFPB gives some mortgage lenders reporting choice

Bureau also proposes changes to the availability of HMDA information
CFPB's no-action letter process grants some assurance after bureau review. From the get-go CFPB had indicated there would not be many such letters issued.

CFPB grants first no-action letter

Alternative loan platform Upstart seeks assurance regarding fair-lending compliance
American Express handled territorial credit card business through a separate operation from that doing business on the United States mainland..

CFPB penalizes Amex for alleged discrimination

Bureau claims consumers in P.R. and other territories harmed by inferior card terms
CFPB cites Chase for poor checking account notifications

CFPB cites Chase for poor checking account notifications

Bank hit with $4.6 million fine, other sanctions
S&P Global Market Intelligence, formerly S&P Capital IQ and SNL, is the premier provider of breaking news, financial data, and expert analysis on business sectors critical to the global economy. This article originally appeared on the SNL subscriber side of S&P Global's website.

Congressional members go after CFPB rule

House, Senate Republicans introducing resolutions to repeal arbitration rule
Signing mandatory arbitration agreements would become a barred practice under a new CFPB rule. Opponents are calling on Congress to overturn the controversial new rule.

Arbitration rule draws brickbats and likes

Long time coming, CFPB rule to affect new consumer contracts but not existing ones
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