Take Care  //  4/23/17  //  Topic Update

The government’s brief in PHH v. CFPB contains alternative facts, alternative history, and alternative realityclaims Neil J. Kinkopf at Take Care.

Financial Services Committee Chairman Jeb Hensarling (R-TX) outlined changes to the Financial Choice Act last week; Alan Kaplinksy assesses the changes at Consumer Finance Monitor.

Much-maligned CFPB head Richard Cordray kept his job because the administration didn’t want to bolster his political credibility, but he may have the chops to get elected anyways (Politico).

The Consumer Finance Bureau is an embattled progressive defender against big banks and lenders, claims Gary Rivlin (NYT)

Updates | The Week of January 22, 2018

1/28/18  //  Daily Update

In a memo to CFPB staff, acting director Mick Mulvaney expressed plans to move away from his predecessor's "good guys" fighting "bad guys," approach to one in which the agency conducts enforcement with "humility and prudence." The Bloomberg Editorial Board argued that the CFPB's plan to reconsider payday lending rules is misguided.

Updates | The Week of January 15, 2018

1/14/18  //  Daily Update

The CFPB released its sixth annual report to Congress on college credit card agreements, which departs from past reports in taking schools to task for failing to meet their obligation under the CARD Act to publicly disclose their college credit card marketing agreements.

Update | The Week of November 27, 2017

12/4/17  //  Daily Update

A legal battle over who is the rightful acting director of the CFPB prompted widespread debate.

Jeffrey Stein

Columbia Law School