CFPB

Victory for “Wall Street’s Army of Lawyers and Lobbyists” as Supreme Court Puts CFPB Chief Under Trump’s Control

The U.S. Supreme Court on Monday struck down a Consumer Financial Protection Bureau statute shielding the agency’s director from being fired by the president without cause, a decision that critics warned threatens the bureau’s ability to protect the public from corporate abuses without political interference. The high court’s conservative majority ruled that the CFPB provision …

Victory for “Wall Street’s Army of Lawyers and Lobbyists” as Supreme Court Puts CFPB Chief Under Trump’s Control Read More »

As Pandemic Rages, Trump CFPB Plows Ahead With Rules ‘Empowering Predatory Lenders to Rip Off Vulnerable Consumers’

Amid an unprecedented economic crisis driven by the novel coronavirus pandemic, the Consumer Financial Protection Bureau is reportedly pushing ahead with a series of rule changes that watchdog groups say would reward predatory lenders and leave vulnerable people more susceptible to industry abuses at the worst possible time. The American Banker reported this week that …

As Pandemic Rages, Trump CFPB Plows Ahead With Rules ‘Empowering Predatory Lenders to Rip Off Vulnerable Consumers’ Read More »