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Democrats Urge IG to Probe CFPB’s Restitution Stand

January 21, 2020
Yemeng Yang
Senate Democrats urged the inspector general to investigate standards the bureau uses to calculate consumer restitution.
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Other News in Brief

January 21, 2020
Yemeng Yang

Stakeholders Weigh In on CFPB’s Constitutionality

January 6, 2020
Yemeng Yang

Most briefs filed in the Seila Law v. CFPB case before the Supreme Court argue that the “for-cause” removal protection is not severable, and the court should invalidate the CFPB in its entirety or send the statute back to Congress.


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Senators Seek Investigation of CFPB Fair Lending Oversight

January 6, 2020
Yemeng Yang
Democratic senators have asked the Government Accountability Office to investigate whether the CFPB has fulfilled its statutory obligation to combat discriminatory lending practices. Separately, Rep. Maxine Waters questioned the bureau’s potential hiring of an enforcement director.
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SCOTUS Agrees to Review CFPB Constitutionality Case

October 21, 2019
Yemeng Yang
The U.S. Supreme Court agreed to review a case challenging the CFPB’s constitutionality. The court directed both parties to file briefs on a possible remedy.
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Other News in Brief

October 7, 2019
Yemeng Yang

CFPB Names Illinois Regulator Enforcement Chief

October 7, 2019
Yemeng Yang
Bryan Schneider, who previously led the Illinois Department of Financial and Professional Regulation, has been named associate director of the supervision, enforcement and fair lending division at CFPB.
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Other News in Brief

September 23, 2019
Yemeng Yang

CFPB Won’t Defend its Constitutionality Before SCOTUS

September 18, 2019
Yemeng Yang
In yet another volte-face, the CFPB now believes the rule limiting the president’s ability to fire the bureau’s head is unconstitutional, according to a brief filed last week by the Department of Justice.
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Democrats Question New Student Loan Ombudsman

September 9, 2019
Yemeng Yang
Senators are seeking answers from Robert Cameron, the private education loan ombudsman, on how he plans to oversee student loan issues.
Read More
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