Two employees of the Consumer Financial Protection Bureau (CFPB) testified Tuesday that top officials’ plans to fire hundreds of workers remain intact, as a federal judge weighs whether to block ...
Last month, workers at the CFPB were told to stop working, effectively shutting down the agency, though that order has since been challenged by a federal judge. Although the CFPB, which is tasked ...
CFPB employees at that time “closed our laptop lids and walked away,” Pfaff said. When they returned, they found a backlog that Pfaff said would take weeks, if not months, to work through ...
The article below was originally published Feb. 20, after newly installed CFPB leaders halted the agency’s work. The latest updates on changes to the CFPB under the Trump administration can be ...
The representatives encouraged GAO and OIG of the Fed to “promptly investigate these developments” and report back with any “recommendations to ensure that the [CFPB] is [fulfilling] its ...
The Consumer Financial Protection Bureau still wants your mortgage data by Monday. Operations related to the regulator's Home Mortgage Disclosure Act statutory requirements are continuing, a CFPB ...
Elizabeth Warren, D-Mass. The CFPB's Consumer Complaint Program ‒ established in the 2010 Dodd-Frank Act that created the agency ‒ serves as a clearinghouse for consumers to submit complaints ...
During a lengthy court hearing on Monday, CFPB's Chief Operating Officer Adam Martinez gave a full sworn account of the chaos and confusion that has consumed the federal agency that was set up to ...
Since then, the CFPB has issued 30 other orders against banks and financial services groups totaling at least $280 million in total consumer redress, according to actions tracked by American Banker.
The "risky loans" represent 0.8% of 70,000 loans reviewed by the CFPB, according to Vanderbilt. The company told Salon it loses an average of 23% of a loan’s value if the borrower defaults ...
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