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.
A host of left-wing groups met with top regulators in the aftermath of the 2010 passage of the Dodd-Frank financial regulation legislation, raising concerns among some observers that the administration’s approach to those regulations could be colored by some of the left’s more radical elements.
President Barack Obama is running roughshod over the Constitution, legal scholars say, by disregarding it, changing laws outside the legislative process, and extending federal power in unprecedented ways.
The Consumer Financial Protection Bureau’s (CFPB) Consumer Advisory Board, which meets Thursday for the first time in St. Louis, contains numerous Democratic donors, including a member of the Democratic National Committee (DNC).
A small community bank in Texas is challenging the constitutionality of the Dodd-Frank financial reform.
When President Obama signed the controversial overhaul of the federal student loan program into law in 2010, he declared victory over “bankers and middlemen.” To this day, however, the federal government continues to engage in some of the same deceptive lending policies private firms are frequently accused of practicing.