Regulatory & Compliance

"Regulation by enforcement is the equivalent of playing 'Guess Who' for financial institutions."

At the same time, some CFPB employees circulate internal emails calling for Blankenstein's ouster.

Officials also ask the CFPB to give more careful consideration to the needs of smaller financial institutions.

The board also will consider a proposed rule on credit union bylaws.

Credit unions must demonstrate their ability to serve the requested community and the intent to serve the entire community.

The estimate is a drop from the committee's last estimate of $10.1 billion in lost revenue between 2017 and 2021.