Emily Brill has the story here. Excerpt: The CFPB placed Stephen Wheeler on administrative leave and began an internal investigation shortly after he spoke to National Public Radio for a story about issues with the agency’s office relocation, NTEU Local 335 claimed. The probe launched within days of Mark Paoletta, a former DLA Piper partner […]
Category Archives: Consumer Financial Protection Bureau
Protect Borrowers has the story, headlined Trump CFPB Buries Financial Companies’ Abuses. So much for the claim that Trump is the most transparent president ever. This will reduce freedom of choice, something the administration has claimed to champion in other contexts, for consumers who want to avoid patronizing businesses that other consumers have found unsatisfactory. […]
Here, by Douglas Gillison. The memo, from Chief Examiner Fatima Batie, said “I promise you if you say something inflammatory or newsworthy it will get back to you in the most unpleasant manner and I’m not referring to my or [CFPB examination head] Calvin [Hagin]’s reaction.” Is it inflammatory or newsworthy to tell a financial […]
Christine Chen Zinner & Christine Hines have written Consumer Protection Under the Trump CFPB. What Comes Next?, 38 Loy. Consumer L. Rev. 131 (2026). I can’t find it on the web yet except on Westlaw at 38 LYCLREV 131. Here’s the concluding paragraph: In this current moment, with seemingly no checks on wrongdoing and little […]
Here. The report–by Alan S. Kaplinsky, Richard J. Andreano, Jr., John L. Culhane, Jr. & Adam Maarec—is based in turn on a report by Semafor’s Eleanor Mueller. In their view, this “make[s] practical and legal sense” because it “help[s] avoid a leadership vacuum.” Vought’s acting director term is to expire August 1 and in the likely event that Johnson […]
That’s according to American Banker’s Kate Berry in Disclosures show CFPB pick’s ties to several regulated firms. And, of course, Johnson currently works for Cap One.
Well, the Senate Banking Committee’s hearing on the nominee for CFPB director was ridiculously short. Senators got only five minutes to ask questions of three nominees for different agencies. How strange that people complain about the CFPB’s lack of accountability and then spend far less time publicly vetting the nominee to lead the Bureau than, […]
I have no inside information about CFPB director-nominee Brian Johnson’s prospects for confirmation, but unless at least one Republican senator on the Senate Banking Committee votes against his confirmation, he will move to a vote by the entire Senate even if every Committee Democrat votes against him. Two Republican members of the Committee–Senators Tillis and […]
A federal court’s consideration of the Consumer Financial Protection Bureau’s plan to lay off employees is temporarily delayed pending the nomination of a new director. More than a year ago, the National Treasury Employees Union sued the CFPB’s Acting Director Russell Vought and others, seeking to halt the rushed attempt to mass fire employees and […]