The Ohio Republican Party is requesting that the Consumer Financial Protection Bureau hand over all correspondence and documentation regarding its deal with a hedge fund that was handed administrative control of valuable student loan trusts by the agency.
The Consumer Financial Protection Bureau is the most partisan agency in the federal government in terms of donations to candidates, according to campaign finance data.
A Native American tribe is opposing protectionist regulations proposed by the Consumer Financial Protection Bureau, saying the rules would eliminate consumer choice, reduce access to credit, and harm the economic vitality of its businesses.
Martin Eakes speaks in high-minded tones when he condemns payday lending. But his decades-long vendetta against the industry, subsidized by taxpayers and taking place within federal regulatory agencies themselves, could drive more business to financial institutions that Eakes runs.
A senior Consumer Financial Protection Bureau official tried to hide bank responses to consumer complaints from appearing in Freedom of Information Act (FOIA) requests, according to documents obtained by the watchdog group Cause of Action.
Republicans have asked for dozens of emails regarding the controversial $215 million renovations to the Consumer Protection Financial Bureau headquarters, the Hill reports.
Consumer Financial Protection Bureau (CFPB) Director Richard Cordray received tough questions on Capitol Hill on Wednesday, when he was forced to defend plans for massive data collection by his agency and spending $184 million to renovate the CFPB’s headquarters that he described as a “dump.”
The trade group for payday lenders accused the Consumer Financial Protection Bureau of breaking a federal transparency law for advisory councils in a letter sent to the bureau last week.