Law and regulation

CFPB drops probe into lender that gave to Mulvaney’s campaigns

01/23/18

The Consumer Financial Protection Bureau appears to have concluded no enforcement action is necessary for World Acceptance Corp., which had been accused of trying to profit from repeat borrowers.

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Court to expedite appeal in CFPB leadership fight

01/23/18

A federal appeals court on Tuesday agreed to expedite the appeal brought by Leandra English, the deputy director of the Consumer Financial Protection Bureau who has sought to unseat acting Director Mick Mulvaney.

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Relief awarded in CashCall case is fraction of what CFPB sought

01/22/18

In a blow to the Consumer Financial Protection Bureau, a federal judge rejected the agency's request for over $280 million in penalties against the California lender CashCall, ruling that the lender's violations did not justify such a large fine.

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Nominees for FDIC, Fed board to appear on Capitol Hill

01/22/18

Three nominees for financial regulatory posts, including the administration's choice to run the FDIC, will face questions by the Senate Banking Committee.

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5 ways a government shutdown will affect mortgage lending

01/19/18

Here's a look at what will happen at five federal agencies that support the mortgage industry if the government shuts down.

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CFPB's Mulvaney to Warren: Breaches justified data-collection halt

01/19/18

Acting Consumer Financial Protection Bureau Director Mick Mulvaney has cited hundreds of confirmed and suspected data breaches as justification for his halting the bureau's data collection activities last month.

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Mulvaney: No plans to ‘blow up’ CFPB

01/19/18

"I've told people from the day I walked in there, I wasn't there to burn the place down or blow it up," the consumer bureau's acting director said at a White House briefing.

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Regulators grapple with fallout from Justice Dept. U-turn on pot

01/18/18

Attorney General Jeff Sessions did not keep the rest of Washington apprised of his plan to rescind an Obama-era memo on pot. Now Fincen and other federal banking agencies are dealing with the backlash from that decision.

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Is CFPB’s Mulvaney waging war on the agency he runs?

01/18/18

If anyone has doubted that acting Consumer Financial Protection Bureau Director Mick Mulvaney intends to overhaul the agency, the last three days alone have put those doubts to rest.

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Mulvaney requests 'zero' money for CFPB

01/18/18

Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, has requested no funding from the Federal Reserve in the second quarter and instead will use reserves to fund the agency.

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