The U.S. Senate will vote next week on whether to advance Richard Cordray’s confirmation to lead the Consumer Financial Protection Bureau, according to Adam Jentleson, a spokesman for Senate Majority Leader Harry Reid.
Allowing consumers to refinance private loans with public funds is one option for alleviating the burden of college debt on the U.S. economy, the Consumer Financial Protection Bureau said in a report published today.
Small banks are pushing to be exempted from what they call an unneeded and overly burdensome U.S. data- collection effort to spot how consumers may be abused by checking account overdraft fees and other charges.
Data collected by the U.S. Consumer Financial Protection Bureau doesn’t invade individuals’ privacy, is a vital regulatory tool and mimics techniques already in wide use by the private sector, the agency’s director said today.
President Barack Obama’s lawyers asked the U.S. Supreme Court to uphold three appointments he made to a federal labor board without Senate confirmation, in a separation-of-powers appeal with implications for a number of regulations.
The new U.S. consumer finance watchdog is gearing up to monitor how millions of Americans use credit cards, take out mortgages and overdraw their checking accounts. Their bankers aren’t happy about it.
The U.K. Financial Conduct Authority has started an inquiry into how the so-called ISDAfix rate is set in British pounds, widening a price-manipulation probe into benchmark interest-rate swaps that began in the U.S.