Enforcement actions

CFPB's assistant enforcement chief resigns: Sources

05/20/19

Kristen Donoghue had been one of the agency's few remaining senior enforcement managers hired by former Director Richard Cordray.

[more]

CFPB official under fire for past writings on race resigns

05/15/19

Eric Blankenstein, the CFPB's policy director for supervision, enforcement and fair lending, has been criticized for using a racial slur in blog posts 15 years ago and claiming the majority of hate crimes were hoaxes.

[more]

CFPB political appointee named agency's No. 2

05/13/19

Brian Johnson, a Republican political appointee at the CFPB, has been named the agency's deputy director, the No. 2 job behind Director Kathy Kraninger.

[more]

Can FHA's promise of softer enforcement get lenders back on board?

05/09/19

The industry welcomed a proposed overhaul of how the government identifies False Claims Act violations, but some say it remains to be seen if the changes are enough to satisfy companies that had bolted.

[more]

Wells Fargo creates unit to satisfy regulatory demands

05/08/19

It is designed exclusively to address concerns of regulators who have complained about the bank's lack of progress in recovering from a series of scandals.

[more]

‘Mini CFPB’ won’t solve California’s bank regulation problems

05/03/19

The state should overhaul its Department of Business Oversight, but proposals to create a statewide financial protection bureau miss the mark.

[more]

House Dems put spotlight on auto lending discrimination

05/01/19

Democratic lawmakers made clear at a hearing Wednesday that they do not intend to abandon the issue following the GOP's repeal of regulatory guidance last year.

[more]

CFPB fines student loan servicer $3.9 million for unfair practices

05/01/19

Conduent Education Services has agreed to pay $3.9 million to the CFPB for failing to provide accurate account balances on more than 200,000 student loans.

[more]

New York launches its own 'mini CFPB'

04/30/19

The Department of Financial Services has created a statewide financial protection division focused on corporate compliance and consumer issues, in line with steps taken by New Jersey and Pennsylvania.

[more]

Critics fear shift at CFPB will let firms off the hook

04/29/19

Director Kathy Kraninger said the agency will emphasize a confidential supervisory process instead of just doling out public enforcement actions. But skeptics worry this will let companies escape punishment.

[more]