Banking Dive
Vought concedes on CFPB funding
The CFPB’s acting director requested $145 million from the Federal Reserve to carry out agency duties for the fiscal second ...
nationalmortgageprofessional.com
Democrats Move To Defend CFPB’s Funding In Federal Court
Senior Democratic lawmakers have filed an amicus brief arguing that CFPB Acting Director Russell Vought’s reinterpretation of the agency’s funding mechanism unlawfully undermines its independence and ...
kcra.com
Trump nominates new CFPB director, but White House says agency is still closing
President Trump nominated Stuart Levenbach as the next director of the Consumer Financial Protection Bureau on Wednesday, using a legal maneuver to keep his budget director, Russell Vought, as acting ...
American Banker
Former Fed officials: CFPB's Vought must ask for funding
Five former Federal Reserve officials told a court that acting Consumer Financial Protection Bureau Director Russell Vought has an obligation to request funding for the agency and that the Federal ...
The American Prospect
Judge Warns Vought of Contempt Order if He Back-Door Shuts Down CFPB
Vought has claimed that the Federal Reserve has no "combined earnings" this year, therefore it cannot give CFPB money. Judge Amy Berman Jackson shot that down. In an order issued today, a federal ...
JD Supra
Democratic Senators Raise Concerns Over Potential Mortgage Market Disruption if CFPB is Shuttered
On December 3, Senators Elizabeth Warren (D-MA), Raphael Warnock (D-GA), Ruben Gallego (D-AZ), and Andy Kim (D-NJ) published a letter to CFPB Acting Director Russell Vought expressing concern that ...
PBS
Trump nominates new CFPB director, though White House says agency is still closing
NEW YORK (AP) — President Trump nominated Stuart Levenbach as the next director of the Consumer Financial Protection Bureau on Wednesday, using a legal maneuver to keep his budget director Russell ...