The Senate Banking Committee has scheduled a July 16 closed session to vote on six nominees, including NCUA Board hopeful Richard Metsger.
Party-line vote sends director's nomination to full Senate.
Committee passage would send CFPB director's bid to full Senate for more partisan combat.
CFPB director goes before Senate Banking Committee on Tuesday for expected testy confirmation hearing.
New game-changing regulations on mortgages and remittances from the Consumer Financial Protection Bureau, as well as new regs from the NCUA and other regulators, have not-for-profit credit unions wondering how they’ll find the resources to comply.
Director tells CFPB briefing that new rules aren’t intended to pressure lenders into meeting QM standards on all mortgages.
Trades praise Cordray's accessibility, libertarian think firm revisits recess appointment constitutionality.
Insurers believe risk exposure growing as more small- and medium-size companies use social media.
Other priorities next year will include hiring more examiners to police advisers, JOBS Act rulemaking on Reg D, crowdfunding.
The U.S. Justice Department is suing Bank of America over alleged mortgage fraud perpetrated against Fannie Mae and Freddie Mac by Countrywide, the giant mortgage originator purchased by Bank of America.