On July 26, 2018, the FTC testified before two subcommittees of the U.S. House Committee on Oversight and Government Reform regarding the FTC’s continued focus on payment processors. Andrew Smith, the Director of the FTC’s Bureau of Consumer Protection testified before the House Subcommittees on National Security and Government Operations about the FTC’s anti-fraud program and the 25 actions taken by the FTC against payment processors since 1996.… Continue Reading
The House Financial Services Committee’s Oversight and Investigations Subcommittee will be holding a hearing tomorrow entitled “Allegations of Discrimination and Retaliation within the Consumer Financial Protection Bureau, Part Three.” We have blogged about the Subcommittee’s two previous hearings on this issue.
The Subcommittee subpoenaed two CFPB witnesses to testify before the hearing:
- Ali Naraghi, Examiner, Southeast Region, Division of Supervision, Enforcement and Fair Lending
- Kevin Williams, former Quality Monitor, Office of Consumer Response
Mr.… Continue Reading