Supreme Court shuffle: 5 possible reverberations for banks
A more conservative court will be likelier to rule favorably on issues ranging from the deference for regulatory agencies to what constitutes a fair-lending violation.
Trump administration
Chaos atop CFPB could get worse after appeals court ruling
It is still a long shot that a rival of Mick Mulvaney's will be able to reclaim the agency's top job, but judges have raised questions over whether Mulvaney can keep the position.
White House aide Kraninger is Trump’s choice to lead CFPB
President Donald Trump has chosen Kathy Kraninger, a little-known White House budget aide, as director of the Consumer Financial Protection Bureau, an administration official said.
Issa emerges as new name for CFPB chief
Rep. Darrell Issa, the Republican lawmaker from California, is among the candidates who have been discussed as President Trump gets closer to naming someone to run the Consumer Financial Protection Bureau, according to people familiar with the matter.
‘Robust’ loan and CLO markets mask rising risks in leveraged lending
Issuance is strong and defaults remain low; yet CLO market participants are concerned about heavy debt loads of the companies they invest in, as well as the lack of investor protections.
By
Glen Fest
CFPB signals pullback on discrimination cases
The CFPB is looking to rescind Obama-era policy that allowed it to punish banks and financial firms for unintentional discrimination.
It ‘would stab a knife’ into CFPB: Critics react to Mulvaney proposal
The latest salvo by the acting director of the Consumer Financial Protection Bureau — proposing in the agency's semiannual report that all CFPB rules be subject to congressional approval — left many observers stumped if not outraged.
A CFPB commission will never fly
Critics of the Consumer Financial Protection Bureau have long sought to convert its leadership structure from a single director to a five-member commission. Here’s why the idea is dead on arrival.
Has GSE reform hit the skids?
Despite a legislative push by some senators and other stakeholders to jump-start housing finance reform, efforts to form consensus over a bill once again are stuck in neutral.
Reactions to Mulvaney memo range from elation to disgust
Many in the industry applauded the Consumer Financial Protection Bureau's new mission statement shifting the agency's focus away from using enforcement actions as a substitute for rules of the road.
5 ways a government shutdown affects mortgage lending
Here's a look at what happens at five federal agencies that support the mortgage industry during a government shutdown.
Credit union regulator McWatters on shortlist to head CFPB
J. Mark McWatters, chairman of the National Credit Union Administration, is said to be in contention to take over as director of the Consumer Financial Protection Bureau.
Will Trump regulators trade lighter rulemaking for tougher enforcement?
Was the president’s recent tweet about enforcement measures against Wells Fargo an articulation of the administration’s approach for holding banks and executives accountable? Or is a tweet just a tweet?
FHA ceases approvals of PACE loans, citing taxpayer risk
The ban on financing properties encumbered by heating and cooling assessments will go into effect in 20 days, according to the Federal Housing Administration.
CFPB’s English sues Trump administration to block Mulvaney appointment
CFPB Deputy Director Leandra English filed a lawsuit late Sunday against the Trump administration challenging OMB Director Mick Mulvaney's appointment. The CFPB's general counsel has sided with President Trump, however.
Trump chooses former Treasury official for key Fed job
President Trump will nominate Randal Quarles as the Federal Reserve's vice chairman of supervision, the top bank regulatory post at the central bank, according to an announcement by the White House late Monday.
By
Joe Adler
