CFPB

CFPB Joins Foreign Regulators in Global Financial Innovation Network

The Consumer Financial Protection Bureau today announced a new partnership with 11 financial regulators and related organizations around the globe aimed at creating a Global Financial Innovation Network. The network is intended to facilitate interactions between regulators and innovators as they seek scale and ubiquity for new technologies.

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PODCAST: Upheaval at the CFPB

The nomination of Kathy Kraninger as CFPB director has sparked fights in Congress. Meanwhile, the agency has taken several notable enforcement actions. American Banker reporter Kate Berry explains what these developments mean for the CFPB’s future.

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In a Twist, Mulvaney Now Defending CFPB Enforcement Powers

In contrast to acting Director Mick Mulvaney’s pro-industry, deregulatory stances, the Consumer Financial Protection Bureau has lately wielded a lot more of its regulatory clout. The agency has accelerated enforcement actions against a mix of companies, upholding findings that originated in the Obama administration.

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CFPB Names Paul Watkins as Innovation Head

The Consumer Financial Protection Bureau (CFPB) has announced that Paul Watkins, a lawyer, will lead the agency’s newly created Office of Innovation. I am delighted that Paul Watkins is bringing his deep expertise, track record of protecting consumers and commitment to innovation to the Bureau, Acting Director Mick Mulvaney said in a press release.

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CFPB’s Mulvaney Picks New Acting Deputy Director

The Consumer Financial Protection Bureau announced that Brian Johnson, who currently serves as principal policy director at the Bureau, will assume the responsibilities of acting deputy director. Brian Johnson is the first person I hired at the Bureau and has been an indispensable advisor, Acting Director Mick Mulvaney said in a press release.

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What Happens to CFPB if Mulvaney Gets Picked as Trump’s Chief of Staff?

The leadership of the Consumer Financial Protection Bureau may soon be in play again as President Trump is reportedly weighing whether to pick a new White House chief of staff.

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CFPB Nominee Faces Questions on Her Role in ‘Zero Tolerance’ Immigration Policy

Kathy Kraninger, the nominee to head the Consumer Financial Protection Bureau, likely was deeply involved in President Trump’s “zero-tolerance” immigration policy, according to former officials with the Office of Management and Budget and the Department of Homeland Security.

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CFPB Leadership Decision, Fintech’s Future: Five Events to Watch

This may be the official start of summer, but the dog days aren’t here yet. The banking industry is in for another busy week – with top regulators and bank executives scheduled to speak, along with an old-fashioned cliffhanger regarding the future of the Consumer Financial Protection Bureau. Below is a roundup of the most […]

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Mick Mulvaney Fires All 25 Members of Consumer Watchdog’s Advisory Board

Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, fired the agencys 25-member advisory board Wednesday, days after some of its members criticized his leadership of the watchdog agency. The CFPB said it will revamp theConsumer Advisory Board, known as the CAB, in the fall with all new members.

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White House Looks to Extend Mulvaney’s CFPB Tenure

The White House is dragging out the nomination of a permanent director for the Consumer Financial Protection Bureau to ensure that acting CFPB Director Mick Mulvaney calls the shots at the agency until the end of the year or longer, according to sources. President Trump is expected to name J.

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Warren Probes CFPB Over Lobbyists’ Influence on Mulvaney

Sen. Elizabeth Warren is pressing the Consumer Financial Protection Bureau over what arrangements the agency has made to ensure that acting Director Mick Mulvaney is excluded from decisions that affect banks and other firms that previously gave him campaign contributions.

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Mulvaney, Watchdog Bureau’s Leader, Advises Bankers on Ways to Curtail Agency

Mick Mulvaney, the interim director of the Consumer Financial Protection Bureau, told banking industry executive on Tuesday that they should press lawmakers hard to pursue their agenda, and revealed that, as a congressman, he would meet only with lobbyists if they had contributed to his campaign.

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