Enforcement actions

CFPB's assistant enforcement chief resigns: Sources


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


CFPB official under fire for past writings on race resigns


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.


CFPB political appointee named agency's No. 2


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.


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


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.


Wells Fargo creates unit to satisfy regulatory demands


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.


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


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


House Dems put spotlight on auto lending discrimination


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.


CFPB fines student loan servicer $3.9 million for unfair practices


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.


New York launches its own 'mini CFPB'


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.


Critics fear shift at CFPB will let firms off the hook


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.