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“For tracking litigation, enforcement, and regulatory developments, Compliance Week
should be your prime source.”- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Senate Democrats demand Military Lending Act assurances from CFPB
All 49 Democrats on the U.S. Senate have written to CFPB Director Mick Mulvaney, urging him to forgo reported plans to end examinations for Military Lending Act compliance.
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BlogCFPB wants ‘clear authority’ to oversee Military Lending Act
The Consumer Financial Protection Bureau is seeking to legislatively expand its purview to police financial products targeted to military personnel.
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Senate Dems serve up scathing rebuke of Mulvaney-led CFPB
A new report, released by Democrats on the Senate Banking Committee, details how they think Acting Director Mick Mulvaney “has undermined the Consumer Financial Protection Bureau’s mission to enforce consumer protections.”
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News BriefDismissal of CFPB’s Zelle case marks shift to ‘collective effort’ in consumer protection
The Trump administration isn’t slowing down its efforts to defang the Consumer Financial Protection Bureau, with lawsuits dropped against a handful of big banks and financial services firms, most notably a case previously accusing payments app Zelle of failing to secure its network.