Consumer Financial Protection Bureau

United States | CRIST URGES FEDERAL INVESTIGATION OF MARLIN FINANCIAL

United States – Congressman Charlie Crist (D-St. Petersburg) is calling for a federal investigation into Marlin Financial following a Tampa Bay Times examination of alleged deceptive practices. Crist, a member of the House Financial Services Committee that oversees the Consumer Financial Protection Bureau (CFPB), urged the agency to take action to protect customers from abuse … Continue reading United States | CRIST URGES FEDERAL INVESTIGATION OF MARLIN FINANCIAL

Texas News: Texas AG Paxton Leads 14-State Brief Challenging Constitutionality of the Consumer Financial Protection Bureau

AUSTIN, TX – Leading a coalition of 14 states, Attorney General Ken Paxton today filed a friend-of-the-court brief with the U.S. Court of Appeals for the 5th Circuit, challenging the constitutionality of the Consumer Financial Protection Bureau (CFPB). “The CFPB was designed to be a rogue agency and its structure violates the Constitution’s separation of … Continue reading Texas News: Texas AG Paxton Leads 14-State Brief Challenging Constitutionality of the Consumer Financial Protection Bureau

Reports: Wells Fargo to be fined $1B as early as Friday

NEW YORK/April 20, 2018 (AP)(STLRealEstate.News) — Federal regulators plan to fine Wells Fargo as much as $1 billion as early as Friday for abuses tied to its auto-lending and mortgage businesses, The New York Times and other news outlets reported, citing unnamed sources. The potential $1 billion fine would be largest ever imposed by the … Continue reading Reports: Wells Fargo to be fined $1B as early as Friday

Trump says fines for Wells Fargo will not be dropped

WASHINGTON/December 8, 2017 (AP)(STL.NEWS) — President Donald Trump weighed in on an investigation into scandal-plagued Wells Fargo, tweeting Friday that fines and penalties against the bank would not be dropped, and may actually be “substantially increased.” Trump’s statement comes a day after Reuters reported that Mick Mulvaney, the president’s budget director and now acting director … Continue reading Trump says fines for Wells Fargo will not be dropped

The Latest: White House says Mulvaney is proper CFPB chief

WASHINGTON/November 27, 2017 (AP)(STL.NEWS) — The Latest on the Consumer Financial Protection Bureau’s acting director position (all times local): 2 p.m. The White House is releasing legal memos in an effort to justify President Donald Trump’s selection of Budget Director Mick Mulvaney to serve as acting head of the Consumer Financial Protection Bureau. Press secretary Sarah … Continue reading The Latest: White House says Mulvaney is proper CFPB chief

1 job, 2 people: Who’ll be in charge at consumer agency?

November 26, 2017 (AP)(STL.NEWS)–Who’s the boss? That’s the awkward question after the departing head of a government agency charged with looking after consumer rights appointed a deputy to temporarily fill his spot. The White House then named its own interim leader. One job, two people — and two very different views on how to do … Continue reading 1 job, 2 people: Who’ll be in charge at consumer agency?

Consumer watchdog head names a successor, and Trump does too

NEW YORK/November 24, 2017 (AP)(STL.News) — The director of the Consumer Financial Protection Bureau resigned Friday and named his own successor, leading to an open conflict with President Donald Trump — who announced a different person as acting head of the agency later in the day. That means there are now effectively two acting directors … Continue reading Consumer watchdog head names a successor, and Trump does too