Author Archives: Jeff Sovern

Here, at Bloomberg Law, and outside of paywall. It turns out that the Trump administration cancelled a contract pretty much required to make the statutorily-mandated complaint database work. Another cancelled contract interfered with making payments under the Civil Penalty Fund. And of course the employees on administrative leave haven’t been working.

Here. The reporting is based on emails DOJ released.

Here, in the American Banker. Excerpt: Supervisory examiners and managers, who spoke anonymously for fear of retaliation, told American Banker that credit limits on the CFPB’s SP3 travel cards had been cut to $1 or the accounts were closed, making it impossible to book a flight or hotel to travel. * * * * * […]

Here are his answers to Senator Warren’s questions. In answer to a question about whether he agreed with the president, McKernan said only ” The CFPB’s existence will continue until an Act of Congress, signed by the President, provides otherwise.”

Here.

Here (probably behind paywall). Sounds like a maelstrom.

Here.

Guest post by Craig Cowie of Montana: There have been many great posts about the work the CFPB has done to help consumers, including noting that the CFPB has used its penalty fund to allocate more than $3 billion to pay 6.7 million consumers back for money that companies illegally took from them. But there […]

Here, by Judd Legum. Next they’ll say Ukraine started the war.