The Agenda

The Agenda
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The Agenda

 •  November 28, 2017

A U.S. District Court judge in Washington has ruled in favor of the Trump administration in its bid to install White House Budget Director Mick Mulvaney as acting director of the Consumer Financial Protection Bureau. Leandra English, who was named last week as acting director by outgoing CFPB chief Richard Cordray, had sought a temporary...

The Agenda

 •  October 30, 2017

Consumer Financial Protection Bureau Director Richard Cordray made a personal appeal to President Donald Trump to veto a congressional override of a landmark arbitration rule that allows consumers to bring class action suits against financial firms. In a letter to the president, Cordray said consumers should have the right to bring lawsuits just...

The Agenda

 •  October 19, 2017

Lies and damned lies are usually avoided in polite company. Which brings us to statistics — and an escalating public duel between Richard Cordray and Keith Noreika. In an ideological showdown disguised as a math spat, the financial regulators — one an Obama appointee and the other a Trump pick — are brawling over probability, regression and coin...

The Agenda

 •  October 12, 2017

Who owns the information in your bank account? Transactions, balance history, every other detail? The answer might seem obvious: You do. “You don’t. You totally don’t,” says Ed Mierzwinski, Consumer Program Director and Senior Fellow for the U.S. Public Interest Research Group. Yes, it’s your money. But the data, from savings balances to your...

The Agenda

 •  October 6, 2017

The Consumer Financial Protection Bureau will require payday lenders to verify income and take other steps to protect borrowers, issuing a long-awaited rule that has become tangled in a tug of war over Director Richard Cordray’s future. The rule limits how often a lender can attempt to debit a borrower's account, a practice that can rack up bank...

The Agenda

 •  October 3, 2017

The IRS will pay Equifax $7.25 million to verify taxpayer identities and help prevent fraud under a no-bid contract issued last week, even as lawmakers lash the embattled company about a massive security breach that exposed personal information of as many as 145.5 million Americans. A contract award for Equifax's data services was posted to the...

The Agenda

 •  September 13, 2017

The massive data breach at Equifax is threatening to obstruct the financial industry's latest push to relax government regulations, a campaign that has already been in doubt after a series of scandals affecting millions of Americans. In the House, the author of a bill that would cap damages available to consumers who have suffered wrongdoing under...

The Agenda

 •  July 10, 2017

The Consumer Financial Protection Bureau banned legal contracts that prevent consumers from filing class-action lawsuits against their credit card companies and banks, a rule that could affect tens of millions of Americans and cost businesses billions of dollars. The mandatory arbitration rule, released today after more than a year of...

The Agenda

 •  June 13, 2017

President Donald Trump's Treasury Department called for broad changes in the way the government oversees the nation's banks, including a plan to rein in the Democrats’ crown jewel of regulation: the Consumer Financial Protection Bureau. In its first substantive move into the financial regulatory debate, the Treasury Department issued a report...

The Agenda

 •  June 8, 2017

House Republicans on Thursday united to pass a comprehensive bill that would dismantle the landmark banking regulations enacted after the 2008 financial crisis. The legislation, approved by a vote of 233-186, represents the GOP's opening salvo in the coming debate over easing the rules on the financial system, a move sparked by the election of...