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Comment Icon Two Bubbles
On a federal judge ruling that the CFPB's structure is unconstitutional:
On the D.C. Circuit appearing skeptical of the claim by Leandra English, the chief of staff under former CFPB Director Richard Cordray, that she is the rightful acting director of the bureau:
US state flag of Ohio with great detail waving in the wind.
Rep. Maxine Waters, D-Calif.
On how Rep. Maxine Waters' public fights with President Trump could spill over into her potential leadership of the Financial Services Committee next year:
Representative Maxine Waters, a Democrat from California and ranking member of the House Financial Services Committee, questions witnesses during a hearing in Washington, D.C., U.S., on Wednesday, Oct. 25, 2017. The hearing was titled Examining the Equifax Data Breach. Equifax Inc., already reeling from American probes into the loss of data on 145.5 million customers in a computer hack, will face an investigation in the U.K., where 694,000 consumers had information stolen. Photographer: Andrew Harrer/Bloomberg
Agreeing with an op-ed that slams banks’ fintech efforts for being too shallow:
Photo of an airplane taking off
On how banks see a need for airport branches even though they can be expensive and do not typically generate much new business:
Acting CFPB Director Mick Mulvaney
On how a looming court decision over who runs the CFPB could cause even more chaos at the bureau:
Mick Mulvaney, acting director of the Consumer Financial Protection Bureau (CFPB), speaks during a Senate Banking, Housing & Urban Affairs Committee hearing in Washington, D.C., U.S., on Thursday, April 12, 2018. Senator Elizabeth Warren clashed with Mulvaney, accusing the former GOP congressman of putting politics ahead of protecting consumers. Photographer: Toya Sarno Jordan/Bloomberg
Signage in front of the Fannie Mae and Freddie Mac headquarters.
On policymakers considering an overhaul of the housing finance system:
Capital One branch
On Capital One restricting how bank data flows to some fintech apps:
Pedestrians walk past a Capital One Financial Corp. bank branch in New York, U.S., on Friday, Jan. 22, 2016. Capital One Financial Corp. is scheduled to release earnings figures on January 26. Photographer: Michael Nagle/Bloomberg
J. Mark McWatters
On an argument that large credit unions be required to follow Community Reinvestment Act and executive compensation disclosure standards:
J. Mark McWatters, acting chairman of the National Credit Union Administration, listens during a Senate Banking Committee hearing in Washington, D.C., U.S., on Thursday, June 22, 2017. Top U.S. banking regulators are sprinting to ease the Volcker Rule, stress tests and other constraints on Wall Street after the Trump administration issued a long list of proposals last week for rolling back post-crisis financial rules. Photographer: Andrew Harrer/Bloomberg