Democratic senators have asked Ombudsman Robert Cameron how he plans to deal with potential conflicts of interest tied to his previous employer, a federal student loan servicer.
CFPB Director Kathy Kraninger was grilled by Democratic lawmakers regarding enforcement actions during hearings on Capitol Hill. Other topics such as fair lending, innovation policies and qualified-mortgage patch were also on the agenda.
All American Check Cashing’s petition before the SCOTUS presents a new question: what is the remedy if the bureau’s leadership structure is found to be unconstitutional?
CFPB Director Kathy Kraninger has adopted a balanced approach in public enforcement actions in recent months, according to an analysis by one law firm.
The CFPB recently published guidance to address the upcoming change in transitional licenses for mortgage loan originators who move between states or from banks to nonbanks.