CFPB co-founder: Agency will ‘rise from the ashes’
The immediate future is uncertain for the Consumer Financial Protection Bureau, and it might experience downsizing and less regulatory enforcement, but...
Ex-FDIC official McKernan nominated as new CFPB director
Amid the uncertainty surrounding the Consumer Financial Protection Bureau, President Donald Trump has nominated a new director to lead the agency. Trump nominated...
CFPB pause prompts concern of ‘regulatory vacuum’
Lenders must be mindful of existing consumer law and state-level enforcement despite the current pause in enforcement activity by the...
CFPB fires Rohit Chopra, ceases active litigation
The Trump administration fired Consumer Financial Protection Bureau Director Rohit Chopra on Feb. 1, prompting questions regarding pending cases and the bureau’s direction. ...
Gen AI to boost customer loyalty, Forrester says
Financial services providers are exploring generative AI uses for coding, customer service and document automation and FIs are looking to...
