Consumer Financial Protection Bureau (CFPB)

Office of Management and Budget official has been nominated by the Trump administration as director of the Consumer Financial Protection Bureau for a five-year term

In a recent court filing, OMB Director Russell Vought contends that the Bureau is legally barred from drawing funds from the Federal Reserve, the mechanism through which it has traditionally been financed

The Mortgage Economic Review is a monthly summary of key economic indicators, data, and events pertinent to mortgage, housing, and finance professionals

A group of 11 U.S. Senators have sent an inquiry to Acting CFPB Director Russell Vought voicing concerns over recent comments over shutting down the Bureau

Consumer groups warn CFPB’s plan to narrow nonbank supervision would gut oversight as the bureau braces for layoffs

With its budget ceiling nearly halved, CFPB weighs workforce cuts just as it proposes narrowing supervision of nonbank lenders