Senate Democrats during a hearing last week questioned CFPB Director Kathy Kraninger on the bureau’s plans to help out borrowers impacted by the coronavirus.

The CFPB seeks legislation to establish a reward program for whistleblowers, who could be tipped up to $10 million for providing original information that leads to a successful enforcement action.

The CFPB will provide financial services institutions with advisory opinions to convey its interpretation of its existing rules upon request.

The CFPB has filed a lawsuit against Fifth Third Bank alleging it opened deposit and credit-card accounts without consumers’ consent.

Low staff levels make it difficult for the CFPB to conduct follow-up monitoring of previous enforcement actions, according to the bureau’s Office of Inspector General.

The Sword of Damocles hung over his head during his last year at the helm of the bureau, former CFPB Director Richard Cordray disclosed in his new book.

The U.S. Supreme Court this week will hear oral arguments on whether the leadership structure of the CFPB is constitutional.

Though it believes the CFPB’s leadership structure is unconstitutional, the Department of Justice in a new reply brief urged the Supreme Court to preserve the bureau for its “critical work.”

It is widely expected that if a Democrat wins the presidential election, the new administration will once again strengthen the CFPB.

Brian Johnson, deputy director at the CFPB, has left the agency for a position at law firm Alston & Bird. His departure brings the tally of political appointees leaving the bureau to four.