Displaying all articles tagged:
Consumer Financial Protection Bureau
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Bank of America Ordered to Pay $150 Million in Fines for Fraudulent ChargesThe bank was found to have charged consumers duplicate overdraft fees and withheld promised sign-up bonuses, among other offenses.
By Nia Prater
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supreme court
Supreme Court Restricts Independence of CFPB, But Doesn’t Kill ItIt was a glass-half-full, glass-half-empty decision that displeased those who want to kill or insulate independent agencies.
By Ed Kilgore
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Will Kavanaugh Give Trump the Power to Fire Anyone He Pleases?President Trump claims he has an “absolute right” to dismiss federal officials. An imminent Supreme Court ruling could make that true.
By Cristian Farias
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Trump Appointee Charged With Stopping Racist Lenders Wrote Racist Blog Posts“Hate-crime hoaxes are about three times as prevalent as actual hate crimes.”
By Adam K. Raymond
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Regulators Fine Wells Fargo $1 Billion for Abusing ConsumersThe penalty is the largest that the Consumer Financial Protection Bureau has ever imposed on any lender.
By Eric Levitz
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the national interest
The Trump Administration Is a Golden Age for Corporate CrimeThe federal government is enforcing hardly any rules at all on business.
By Jonathan Chait
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The Trump Administration Just Made Life Easier for Racist LendersMick Mulvaney has taken enforcement authority away from the federal office that specializes in punishing discriminatory financial firms.
By Eric Levitz
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The CFPB Is Now the Predatory Lender Protection BureauThe consumer bureau just dropped an investigation into a firm that allegedly preyed on the poor — and definitely donated to Mick Mulvaney.
By Eric Levitz
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Mick Mulvaney’s Plan to Neuter Consumer Watchdog Comes Into FocusA noted hater of the Consumer Financial Protection Bureau, Mulvaney has spent the last several days weakening the watchdog.
By Adam K. Raymond
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Too Lazy to Kill Regulations, Trump Is Ignoring Them InsteadThe president hasn’t eliminated all that many federal rules — but he has let the GOP’s friends run roughshod over them.
By Eric Levitz
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Mulvaney Can Lead CFPB, But the Legal Battle Over the Agency Is Just BeginningThe new acting director has wide latitude to begin reining in the agency, but it’s likely the administration will face new legal challenges.
By Margaret Hartmann
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the national interest
The Consumer Financial Protection Bureau Was Designed to Stop Donald TrumpThe first agency built to withstand regulatory capture is put to the test.
By Jonathan Chait
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Battle Over Trump’s Pick to Lead Consumer Watchdog Agency Heads to CourtA Consumer Financial Protection Bureau official is suing the Trump administration, arguing she’s the rightful acting director, not Mick Mulvaney.
By Margaret Hartmann
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Trump Won’t Be Able to Defang the CFPB Without a FightThe president’s plan to put Mick Mulvaney in charge of the Consumer Financial Protection Bureau — without Senate confirmation — might be illegal.
By Eric Levitz
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Mick Mulvaney to Run Consumer Watchdog Agency He HatesTrump’s budget director once called the Consumer Financial Protection Bureau a “sick, sad joke.” Now, he’s the CFPB’s interim leader.
By Eric Levitz
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Our Government’s Last Powerful Progressive Regulator Just ResignedRichard Cordray is out at the Consumer Financial Protection Bureau. Now, he might be in the race for governor of Ohio.
By Eric Levitz
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the national interest
The Insane Republican Plan to Win Reelection Through PlutocracyRepublicans have somehow convinced themselves that the public will reward them for helping one-percenters.
By Jonathan Chait
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The GOP Wants to Drain the Swamp of Wall Street’s Enemies by Any Means NecessaryRichard Cordray can’t be fired without cause from the Consumer Financial Protection Bureau until 2018. But the GOP is determined to find a cause.
By Eric Levitz
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The DNC Chair Lends a Hand to Payday LendersWasserman Schultz is bravely protecting payday lenders against Elizabeth Warren’s regulatory agency.
By Eric Levitz
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nomination fights
By Andre Tartar
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