Bloomberg BNA

An updated House Republican plan to repeal the Dodd-Frank Act will be unveiled by the end of the month with provisions that would turn the independent Consumer Financial Protection Bureau into an executive agency with drastically limited powers and a removable director.
OneWest Bank, the mortgage servicer previously owned by now-Treasury Secretary Steven Mnuchin, avoided numerous lawsuits and settlements that affected other banks after the 2010 foreclosure crisis, a Bloomberg BNA analysis showed.
The Consumer Financial Protection Bureau March 6 urged a federal judge to block a potential appeal on what the CFPB may do if found to be unconstitutional ( Cons. Fin. Protection Bureau v. Fomichev , C.D. Cal., 16-cv-02724, response filed 3/6/17 ).
The Consumer Financial Protection Bureau could find its enforcement powers crippled under a Republican proposal to curb the bureau’s power to attack unfair, deceptive or abusive acts or practices.
Congressional Republicans are pointing to the Federal Trade Commission as a potential model for how the Consumer Financial Protection Bureau might function if they successfully curtail its extensive authority and reach.
The top-ranking House Republican on financial services issues has laid out two aggressive lines of attack on the Consumer Financial Protection Bureau, but both could run into daunting opposition from Democrats – and big banks.

The U.S. Supreme Court Jan. 9 turned away a petition by several banks urging review of a ruling that gives federal regulators more time to sue them ( First Horizon Securities Inc. v. FDIC , U.S., No. 16-cv-00463, cert. den. 1/9/17 ).

Consumer Financial Protection Bureau employees could see their salaries fall by as much as 25 percent under Republican legislation that would alter the agency’s pay scale.

In a recent speech, SEC Investor Advocate Rick A. Fleming discussed the future of financial regulation in general and the impact and legacy of the Dodd-Frank Act.

A recent federal appeals court ruling that gives the White House more power over the Consumer Financial Protection Bureau doesn't necessarily mean it will now be subject to the same cost-benefit mandates as other federal agencies.