CFPB News & Analysis
CFPB News & Analysis
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Cordray picking his own interim successor sets off a firestorm; co-head of global banking leaves the U.K. bank after only 18 months.
November 27 -
President Trump has tapped Office of Management and Budget Director Mick Mulvaney as interim head of the CFPB. He has taken tough stances on the CFPB, its payday lending rule, housing finance reform and other issues pending before the agency.
November 26 -
CFPB Deputy Director Leandra English filed a lawsuit late Sunday against the Trump administration challenging OMB Director Mick Mulvaney's appointment. The bureau's general counsel has sided with President Trump, however.
November 26 -
The Trump administration insisted Saturday that OMB Director Mick Mulvaney was the rightful interim leader of the CFPB, but Democrats said that the appointment was illegal. It remains unclear who is legally in charge.
November 24 -
CFPB Director Richard Cordray abruptly announced Friday that he would leave at the end of the day, giving the reins of the agency to a new deputy director.
November 24 -
The outcome of a case testing the president's power to fire a CFPB director will come too late to impact Richard Cordray, but may affect President Trump's interim and final picks to lead the agency.
November 22 -
The Consumer Financial Protection Bureau on Tuesday ordered Citibank to pay $6.5 million in consumer relief and penalties for student loan servicing failures.
November 21 -
A week before he is due to resign, CFPB Director Richard Cordray sent a letter to 29 CEOs at banks, credit unions and other financial companies, urging them to help consumers exert more control over credit cards, debit cards and other payment methods.
November 21 -
Legislation and regulatory policy that takes a heavy-handed view of overdraft protection could remove a safe and convenient option for consumers managing their finances.
November 21 -
Guidance focuses on five key traits, including overseeing risk profiles; a former Congressional aide says agency must be accountable.
November 21 -
When CFPB Director Cordray resigns in two weeks, will the agency grind to a halt? Kate Berry reports on the embattled agency.
November 21 -
The Consumer Financial Protection Bureau settled a $1.1 million enforcement action on Monday with Xerox Business Services, alleging that its software misreported borrower information to credit reporting agencies.
November 20 -
Some fintechs argue that banks are selectively working with only certain third parties in sharing information and violating the spirit of the CFPB’s data-sharing principles.
November 20 -
Acting Comptroller of the Currency Keith Noreika has been the ultimate disruptor, bucking the normally low-key profile of interim regulators.
November 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.
November 17 -
A new Republican director of the Consumer Financial Protection Bureau is likely to take immediate action to change certain rules, including the "qualified mortgage" and payday rules, while curbing pending enforcement actions that are considered too harsh on financial firms.
November 16 -
Mick Mulvaney, President Trump’s Office of Management and Budget director, is being considered for interim director of the consumer watchdog after Richard Cordray steps down and until a permanent pick is confirmed.
November 16 -
CFPB director’s departure gives President Trump the chance to revamp the agency; the bank regulator is reverting to its industry-friendly ways.
November 16 -
It’s a seat the Trump administration has long wanted vacated, and now it gets a chance to fill it — and change the direction of an agency that’s been a thorn in Republicans’ side. Following are the top candidates.
November 15 -
Credit unions and the Consumer Financial Protection Bureau share a similar philosophy, but their methods often clashed during Cordray's tenure. Here's a look at reactions to his departure and speculation on how he might be remembered.
November 15




















