CFPB’s No. 3 to depart, join New York AG
Chris D’Angelo, the CFPB's associate director of supervision, enforcement and fair lending, is leaving the bureau after eight years to become a chief deputy attorney general in New York state.
Trump administration
The shutdown’s impact on financial services
Many federal agencies have been closed for more than three weeks, making it the longest shutdown in U.S. history. With no end in sight, here's how it's affecting banks, credit unions and mortgage lenders.
Ginnie Mae head’s surprise resignation prolongs permanent leadership gap
Acting Ginnie Mae President Michael Bright will leave his post on Jan. 16 and will no longer seek confirmation to be the permanent head of the mortgage secondary market agency.
Trump sends Calabria’s nomination as FHFA director to the Senate
The White House has officially nominated Mark Calabria as the next director of the Federal Housing Finance Agency.
New CFPB chief’s memo to staff: Enforce law, but don’t presume guilt
In her New Year’s message, CFPB Director Kathy Kraninger called on the agency to ensure that consumers are treated fairly and that “the marketplace is innovating.”
Trump names OCC’s Otting as acting director of FHFA
The White House said that Comptroller of the Currency Joseph Otting will serve as acting director of the Federal Housing Finance Agency beginning Jan. 6, after Director Mel Watt’s term ends.
Bankshot Kraninger’s move to ditch CFPB name change is a savvy one
Kathy Kraninger's unexpected decision is small, but symbolically important. Here's why.
Rob Blackwell
IntraFi Network
Mnuchin hints at Fannie-Freddie changes to end federal control
The Trump administration wants to work with Congress on freeing Fannie Mae and Freddie Mac from government control, though it's considering pursuing some changes on its own, Treasury Secretary Steven Mnuchin said Tuesday.
‘I am very excited to be here’: Kraninger signals new tone atop CFPB
The newly sworn-in director’s first public remarks seemed to contrast with the approach of her predecessor, Mick Mulvaney, who at times questioned the role of the agency.
What Calabria at FHFA would mean for GSE reform
The administration’s reported interest in having the White House aide run Fannie Mae and Freddie Mac's regulator signals a focus on constraining the mortgage giants’ role in the housing market.
How Waters will keep pressure on CFPB
Democrats on the House Financial Services Committee are expected to shine a spotlight on Trump-appointed regulators, but that light might shine brightest on one agency in particular.
Would CFPB nominee mirror Mulvaney or go her own way?
Kathy Kraninger, who may get a confirmation vote as early as this week, has suggested a similar vision to that of the agency’s current acting chief. But some see signs she could bring a different approach to the job.
Divided Congress = gridlock for financial services policy
The midterm elections virtually eliminate the chance that progress will be made on financial services legislation.
Waters bill would reverse Mulvaney’s deregulatory efforts at CFPB
The senior Democratic lawmaker said the CFPB chief and the Trump administration "are doing everything in their power to roll back consumer protections."
Supreme Court clash puts regulatory nominees on back burner
At least six Trump administration picks to fill financial posts are still pending, but the bitterly partisan divide over Judge Brett Kavanaugh has taken up most of the energy in Congress.
Senate Banking advances CFPB nominee over Dem objections
The committee approved the nomination of Kathy Kraninger to head the Consumer Financial Protection Bureau, despite strong Democratic opposition, as well as President Trump's picks for Ginnie Mae, the Export-Import Bank and several other positions.
Can state AGs really serve as ‘mini-CFPBs’?
Several states pledged to compensate for a slowdown in enforcement at the Consumer Financial Protection Bureau under Mick Mulvaney, but their efforts have been complicated by tight budgets and doubts over whether such initiatives are necessary.
What FHFA scandals mean for agency’s future, GSE reform
The biggest impact may be to focus the administration’s efforts on selecting a nominee to succeed Director Mel Watt, whose term ends in January.
Seven contenders to become next FHFA chief
Whoever succeeds current Director Mel Watt will have a front-and-center role in efforts to reform Fannie Mae and Freddie Mac.
All heat, no light: Kraninger gives little sense of CFPB views
The nominee to run the consumer bureau endured tough questioning over the administration’s family-separation policy but appeared to weather the barrage.
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