The change came almost exactly one year after President Trump declared it federal policy to eliminate the doctrine where possible.
CFPB
In a court-ordered reversal, the beleaguered agency has agreed to seek quarterly funding from the Federal Reserve after all.
Trump administration lawyers argued that because the Federal Reserve was operating at a loss, the CFPB could not request funds from it.
Failure to maintain ATOs and lack of documentation key factors in decision.
Significant actions to rein in US banking regulation are underway, driven by the Trump administration with aims to spur lending and economic growth.
GRIP Extra: Appeals court clears CFPB takedown, CFTC reviews internal time and attendance compliance
Our in-brief roundup of notable stories from the last week.
Alleging $1 billion in money lost to scams, New York takes up the mantle of a weakened Consumer Finance Protection Bureau.
All of these proposed rulemakings would alter the CFPB’s supervisory authority over nonbank entities operating in each of these markets.