CFPB Head: Bad Actors Should Face More than Fines
Rohit Chopra said his agency plans to deploy an array of tools that could limit the ability of a bank or financial firm to conduct business if they violate the law.
McWilliams Resigns as FDIC Chairman in Surprise Move
Weeks after a conflict arose between the FDIC chairman and board members, FDIC Chairman Jelena McWilliams has announced her resignation.
McWilliams Calls FDIC Board Members’ Move a ‘Hostile Takeover’
The controversy over proposals to review bank merger regulations continues to play out publicly, with Federal Deposit Insurance Corp. Chairman Jelena McWilliams saying that FDIC board members are attempting a “hostile takeover” of the FDIC.
Regulators at Odds Over Bank Merger Regs Review
A request seeking public comments about bank mergers that one government agency said had been approved by the Federal Deposit Insurance Corp. has come under dispute after the FDIC said the request had not been approved.
Tighter Lending Scrutiny Expected from New CFPB Head
The bureau has a new director who is likely to embrace an aggressive “watchdog” role, similar to how the agency operated under former President Barack Obama.
Biden Picks Warren, Ally for CFPB Head
President-elect Joe Biden has chosen Rohit Chopra to be the director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm the agency whose creation she championed.
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