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Posts about the Consumer Financial Protection Bureau.

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CFPB Reminds Companies to Stay Quiet on Supervisory Exams and that NDAs Don’t Trump its Authority

The CFPB issued a bulletin to remind supervised financial institutions, including nonbank companies that may be unfamiliar with federal supervision, of existing regulatory requirements regarding confidential supervisory information. The Bureau also used the opportunity to formally note that non-disclosure agreements signed by a company do not trump its obligations to comply with CFPB supervisory requests.

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CFPB Announces New Additions to Senior Leadership, Including Enforcement and Examinations

The Consumer Financial Protection Bureau (CFPB) last week announced the addition of several new members to leadership positions within the Bureau. The positions being announced today are: Assistant Director of Enforcement; Deputy Chief Operating Officer; Northeast Regional Director of Supervision Examination; and Chief Human Capital Officer.

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CFPB Hits Wells Fargo and JPMorgan Chase for Mortgage Title Kickbacks

The Consumer Financial Protection Bureau (CFPB) and the Maryland Attorney General announced Thursday that they have taken action against Wells Fargo and JPMorgan Chase for an illegal marketing-services-kickback scheme they participated in with Genuine Title, a now-defunct title company. The Bureau and Maryland also took action against former Wells Fargo employee Todd Cohen and his […]

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Banking Association Urges Further Scrutiny of CFPB’s Complaints Database by Federal Inspectors

The American Bankers Association this week sent a letter to the Federal Reserve’s Office of the Inspector General (OIG) offering support for two ongoing audits of the CFPB’s complaints database and urging the OIG to expand the scope of the audits to address, among other things, the CFPB’s proposed plan to publish consumer narratives alongside complaints.