PHH Raises White Flag With CFPB In Fight Over CFPB’s Constitutionality PHH raises the white flag and will not pursue the case to the Supreme Court. The Court of Appeals for the District of Columbia ruled last year to uphold the constitutionality of the CFPB. Therefore, the ruling will stand as the law of the land. According to multiple outlets, the May 1st deadline […]
Trump Appointed CFPB Director Mick Mulvaney Has Yet To Launch Any Investigations Or Enforcement Actions It has has been 136 days since former CFPB Director Richard Cordray resigned his post. President Trump appointed his OMB Director Mick Mulvaney to replace him. Since then, the bureau has not issued a single enforcement action or launched a single […]
Wells Fargo Bank Facing $1 Billion Fine From The CFPB For Mortgage And Auto Insurance Issues It looks like Wells Fargo Bank is about to break a record! Wells Fargo Bank is facing a record fine of a billion dollars from the Consumer Financial Protection Bureau. The record-breaking fine even has the support of President Trump! Former […]
CFPB Director Mick Mulvaney Who Once Called The Agency A “Sad Joke” Wants Congress To Dictate CFPB Policy CFPB Mick Mulvaney continued his push to eliminated the power and influence of a federal agency that he once called a “sick, sad joke.” He asked Congress Monday to significantly increase its oversight of the Consumer Financial Protection Bureau. CFPB […]
Court of Appeals Reverses Earlier Decision Declares Consumer Financial Protection Bureau Constitutional The Court of Appeals for the District of Columbia reversed their October 2016 decision that declared the leadership structure of the Consumer Financial Protection Bureau unconstitutional. The original decision vacated a $100 million fine levied by the Consumer Financial Protection Bureau against PHH Corporation. A three-judge panel heard […]
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