Here. An excerpt: For some banks and industrial lenders, the new oversight may be so costly that they stop offering some products, says Bill Himpler, vice president of the American Financial Services Association, a trade group for card companies, mortgage lenders and finance companies. He says the bureau's tactics put companies on the defensive. "It […]
Category Archives: Consumer Financial Protection Bureau
by Jeff Sovern A fellow named Eric Grover had a piece atacking the Consumer Financial Protection Bureau in the Washington Times this week titled "CFPB’s unchecked power." A line at the end of the essay explains "Eric Grover is a principal at Intrepid Ventures." I had never heard of Intrepid Ventures, but their web site […]
by Jeff Sovern We have blogged many times about the Republican call for the CFPB to have a commission-structure, rather than a director (see, for example, here). That call has been spearheaded by Senator Shelby. So that makes it all the more surprising to note that during the Senate's consideration of what became the Dodd-Frank […]