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During a House Financial Services subcommittee hearing, Republicans accused the Consumer Financial Protection Bureau of overspending, saying too much money is spent on top officials' salaries, travel and planned office renovations.
June 19
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Contradictory regulations, such as the CFPB's QM standards and HUD's new fair lending rules, inhibit banks ability to devote resources to their businesses.
June 19 -
Would the proposed trans-Atlantic trade agreement really be a prize, or would it more closely resemble a poisoned chalice for the U.S.?
June 19 -
In the S&L crisis, regulators manipulated capital to prop up ailing thrifts. Today, regulators embrace risk-based requirements assuming they can correctly predict the future.
June 19 -
The big five servicers technically passed the first test of their compliance with the $25 billion national mortgage settlement, but four of them failed to meet at least one requirement and the settlement's monitor received nearly 60,000 complaints.
June 19 -
Many Bitcoin startups face the expensive and daunting task of obtaining multiple state money transmitter licenses. But these businesses could drum up enough support to create a more streamlined and affordable licensing process.
June 19
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The Consumer Financial Protection Bureau is spending too much on top officials' salaries, travel and a planned office renovation, Republicans said during a House Financial Services subcommittee hearing on Tuesday.
June 18 -
Rep. Maxine Waters, the top Democrat on the House Financial Services Committee, is asking for an investigation into claims that Bank of America purposefully delayed borrowers from entering the Home Affordable Modification Program.
June 18 -
NetSpend stockholders voted to approve the prepaid card marketer's acquisition by Total System Services, clearing the way for the payments processor to complete the deal in mid-2013.
June 18 -
Lawmakers and industry officials continue to issue warnings about the impact of the Consumer Financial Protection Bureau's ability-to-pay rule, despite recent efforts by the agency to amend certain provisions to assuage some industry concerns.
June 18
