Robert Broeksmit has a tough act to follow succeeding David Stevens, the CEO revered for navigating the Mortgage Bankers Association through one of its most tumultuous eras on record. But in doing so, Broeksmit has a distinct advantage over many of his predecessors: inheriting an organization on the upswing.
The firms were initially slated to be included in a newly merged trade association, but they were blocked after some executives objected to adding more Wall Street banks.
With comment periods quickly closing, responding to the agency’s abundant requests for information is proving a logistical hassle for the industry and consumer advocates.
The Massachusetts senator and architect of the CFPB offered a sharp contrast to the administration's deregulatory agenda and sent strong signals of a presidential run.
The Japanese bank, owner of Union Bank in San Francisco, has hired RBC alum Roger Blissett to raise its profile among lawmakers, oversee compliance and build deeper relationships with regulators as its recent charter switch continues to stir controversy.
The acting Consumer Financial Protection Bureau director should be investigated for potential Hatch Act violations following his controversial remarks at a banking industry conference, Senate Democrats said Tuesday.
Sen. Elizabeth Warren, D-Mass. is asking CFPB’s top ethics official if the agency has taken steps to ensure Mulvaney is excluded from matters involving banks and other firms that contributed to his campaign when he was a congressman.
The San Francisco Fed chief, an economist, is seen as a complement to Fed chair Powell; the proposal would make it easier for banks to comply with the law.
Rebeca Romero Rainey, while known as compassionate banker and less of a firebrand than her predecessor at the trade group, will take firm stands for small banks on reg relief, innovation and fair play, say those who know her.
