CFPB rescinds 67 pieces of guidance | Banking Dive
The rescissions are not final and will allow the bureau to evaluate whether each of the items was statutorily prescribed, CFPB Acting Director Russ Vought said.| Banking Dive
The rescissions are not final and will allow the bureau to evaluate whether each of the items was statutorily prescribed, CFPB Acting Director Russ Vought said.| Banking Dive
A 200-person workforce would allow the bureau to fulfill statutory obligations “and better aligns with the new leadership’s priorities and management philosophy,” attorneys for the agency said.| Banking Dive
Sen. Ruben Gallego, D-AZ, led lawmakers accusing the bureau of “lip service” over its refocus toward “threats” to service members and veterans, in its “abrupt” reversal on a $95 million penalty against the credit union.| Banking Dive
The bureau’s chief legal officer defended Acting Director Russ Vought’s decision to decline funding from the Federal Reserve, saying the move did not constitute an illegal withholding.| Banking Dive
The agency’s one-page filing dismissed the complaint with prejudice, meaning it cannot be revived in the future.| Banking Dive
The split ruling vacates a preliminary injunction that prevented Trump administration officials from cutting 95% of the bureau’s employees.| Banking Dive
The Consumer Financial Protection Bureau has closed out virtually all pending regulatory issues flagged by the agency’s bank examiners as Trump-appointed leaders prepare to fire most remaining staff members.| news.bloomberglaw.com
