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CFPB nominee promises to keep agency open but downsize it

Summary by Roll Call

The nominee to lead the CFPB told senators Thursday he would keep the agency open but also reduce its size.

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Bloomberg

CFPB Data Imperiled by Cybersecurity Contract Cancellation, Ex-Official Says

The cancellation of nearly three-dozen cybersecurity contracts at the US Consumer Financial Protection Bureau endangers the security of sensitive data maintained by the federal watchdog, a former senior official at the bureau said in court documents filed Friday.

3 days ago·United States

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American Prospect

The Plot to Destroy the CFPB

Declarations in a court case involving the union of the consumer protection agency detail a desire to whittle it down to “five men in a room.”

3 days ago·Washington, United States

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Roll Call

CFPB nominee promises to keep agency open but downsize it

The nominee to lead the CFPB told senators Thursday he would keep the agency open but also reduce its size.

4 days ago·Washington, United States

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CPA Practice Advisor

CFPB Nominee Promises to Keep Agency Open but Downsize It

Democrats on the Senate Banking Committee pressed McKernan in his confirmation hearing about how he would lead the regulator given that Trump and his billionaire special adviser Elon Musk have called for eliminating it.

4 days ago

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Consumer Finance Monitor

CFPB Nominee McKernan: Bureau will continue its work

Earlier today Jonathan McKernan, President Trump’s nominee to head the CFPB, pledged that the agency would “implement and enforce the federal consumer financial laws and perform each of its other statutorily assigned functions.” The comment, made during his confirmation hearing before the Senate Banking Committee, came in stark contrast to the Trump Administration’s previous statements that it intends to take the actions necessary to dismantle t…

4 days ago

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Weekly Real Estate News

Trump's Picks to Run FHFA, CFPB Pledge Agency Reform

While noting the need for consumer protection, McKernan stressed the CFPB had issues that needed to be addressed. Continue Reading Trump’s Picks to Run FHFA, CFPB Pledge Agency Reform The post Trump’s Picks to Run FHFA, CFPB Pledge Agency Reform appeared first on Weekly Real Estate News.

5 days ago

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