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Bank faces a formal enforcement action for problems in mortgages and auto insurance; Judge throws out lawsuit, although plaintiff promises an appeal.
By George YacikNovember 29 -
Judge says he will move quickly on who should head the agency; group allegedly overcharged hundreds of clients.
By George YacikNovember 28 -
Cordray picking his own interim successor sets off a firestorm; co-head of global banking leaves the U.K. bank after only 18 months.
By George YacikNovember 27 -
Bank ponders assisting customers trading digital currency futures; banks still face challenges despite a good third quarter.
By George YacikNovember 22 -
Guidance focuses on five key traits, including overseeing risk profiles; a former Congressional aide says agency must be accountable.
By George YacikNovember 21 -
Franklin Codel reportedly made “disparaging remarks” about regulators; Zions may seek to have “too big to fail” label removed.
By George YacikNovember 20 -
Mnuchin’s former business associate is likely to be sworn in next week; Mulvaney, as a congressman, called the CFPB a “joke” and co-sponsored a bill to kill it.
By George YacikNovember 17 -
CFPB director’s departure gives President Trump the chance to revamp the agency; the bank regulator is reverting to its industry-friendly ways.
By George YacikNovember 16 -
Departing chairman Martin Gruenberg says the financial system is still vulnerable to unforeseen shocks; bank offers ways for customers to avoid overdraft fees.
By George YacikNovember 15 -
Bipartisan proposal would remove the SIFI label from more than two dozen banks; European regulator cautions investors on the risks as bitcoin price plunges.
By George YacikNovember 14