CFPB, Federal Agencies, State Agencies, and Attorneys General
The CFPB announced that the following individuals are joining its senior leadership team:
As a result of Donald J. Trump’s election as President, coupled with the Democrats’ failure to wrest control of the House or Senate from the Republicans, the CFPB can be expected to undergo significant changes that are likely to have the effect of reducing the agency’s impact.
On November 30, 2016, from 2 p.m.… Continue Reading
The CFPB has announced the following senior leadership changes:
The CFPB has announced the following senior leadership changes:
On May 11, 2016, the CFPB sued All American Check Cashing, Mid-State Finance and their President and owner Michael E. Gray. It alleged that the Defendants engaged in abusive, deceptive, and unfair conduct in making certain payday loans, failing to refund overpayments on those loans, and cashing consumers’ checks.
The CFPB’s claims are mundane.… Continue Reading
Earlier this week, the CFPB announced the addition of several new members to its senior leadership team.
The announcement included the news that the CFPB has filled the position of Assistant Director for the Office of Small Business Lending Markets. The CFPB’s job posting indicated that the Assistant Director would head the CFPB’s team involved in developing rules to implement the small business lending data requirements of Dodd-Frank Section 1071. … Continue Reading
On April 4, at the Practicing Law Institute’s (“PLI”) 21st Annual Consumer Financial Services Institute in Manhattan, Alan Kaplinsky (a co-chair of the institute) moderated a panel entitled “The CFPB Speaks,” where CFPB officials shared their own insights on industry trends on their radar, priorities for the coming years, and views on certain hot-button issues.… Continue Reading
The CFPB has announced that David Silberman will replace Meredith Fuchs as the CFPB’s Acting Deputy Director beginning next week. Mr. Silberman has been serving as the CFPB’s Associate Director for Research, Markets, and Regulations since 2011 and will retain that position.
In its announcement, the CFPB stated that Mr. Silberman will serve as Acting Deputy Director “while a search for a replacement is conducted.” … Continue Reading
According to Politico, the CFPB has named Mary McLeod, formerly the State Department’s top lawyer, to be the CFPB’s new General Counsel. Ms. McLeod will replace Meredith Fuchs, the CFPB’s current General Counsel who has also been serving as Acting Deputy Director since the departure of Steven Antonakes in July 2015.… Continue Reading
The American Banker reported earlier this week that Steven Antonakes, the former CFPB Deputy Director, has joined Eastern Bank in Boston as a senior vice president and chief compliance officer. According to the article, the bank has $9.6 billion in assets. As a result, the bank does not currently meet the asset threshold for CFPB supervision, which is more than $10 billion in assets.… Continue Reading
