Category Archives: Consumer Financial Protection Bureau

Law360’s Jon Hill: CFPB Endgame Is Just ‘Five Men And A Phone,’ Filings Allege

Here (may be behind paywall). Deepak Gupta filed the brief the article discusses (disclosure: Deepak was a founder of this blog). Attached were many declarations, including the one the headline refers to, filed anonymously by a CFPB staffer who feared retaliation. Here’s an excerpt from the declaration:  On multiple occasions between Friday, February 7, 2025 and […]

Overheard before yesterday’s Senate confirmation hearing; a parody

Democratic Senator: Is it raining? Witness: That’s really up to Congress to determine but if confirmed, I will follow the statutory mandate. Democratic Senator: What do you think of rain? Witness: Well, senator, let me say this: if it’s raining, I will follow the law. Democratic Senator: Wells Fargo has opened unauthorized accounts, improperly repossessed […]

McKernan, nominated to helm CFPB by president who routinely exceeds authority, complains the CFPB exceeds its authority

Here’s CFPB director-nominee’s short written opening statement for his confirmation hearing. Here’s the part about the CFPB and his promises: All too often, however, the CFPB has gotten in the way of its own mission. It has acted in a politicized manner. It has pushed beyond the limits of its statutory authority. It has seized […]

Conservative and CFPB critic David Bahnsen sees CFPB’s dismissal of SoLo case as mistake

Bahnsen discusses the dismissal in his National Review podcast episode, Good Things and Bad Examples. He criticizes SoLo as a bad actor. We had reported on the dismissal here. The Bureau has now removed from its website the statements it had made about the case, some of which we quoted in our earlier post.