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Consumer Financial Protection Bureau (CFPB) Administrative Agencies Trump Administration

Ballard Spahr LLP

Appeals Court blocks judge’s order temporarily prohibiting large-scale changes at CFPB

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The Circuit Court of Appeals for the District of Columbia has issued an administrative stay for to a judge’s order blocking wholesale changes at the CFPB....more

Ballard Spahr LLP

Trump takes control of ‘independent agencies’

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Saying that independent agencies “have exercised enormous power over the American people without Presidential oversight,” President Trump has issued an Executive Order placing those agencies under his control....more

Venable LLP

Trump's Second Term: What's Ahead for Eight Key Sectors?

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During a campaign season that saw an incumbent president bow out of his own re-election bid and assassination attempts against his challenger, substantive policy debates were sometimes obscured by the drama. ...more

Goodwin

White House Issues Memorandum Urging Federal Agencies to Adopt Protections for Subjects of Enforcement

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On August 31, 2020, the Office of Information and Regulatory Affairs (OIRA), an arm of the Office of Management and Budget (OMB) within the Executive Branch, issued a memorandum (M-20-31 memorandum) directing the heads of...more

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CFPB Seeking New Associate Director For Research, Markets, And Regulations

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The CFPB currently has a job posting for the position of Associate Director for Research, Markets, and Regulations....more

Ballard Spahr LLP

CFPB Announces New Deputy Director And Additions To Executive Team

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Somewhat overshadowed by the Supreme Court’s Seila Law decision and other CFPB-related developments was the CFPB’s announcement on Tuesday of personnel changes....more

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Leonard Chanin to serve as part-time CFPB Acting Deputy Director

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According to Bloomberg Law, beginning on March 9, Leonard Chanin will serve as part-time CFPB Acting Deputy Director.  Brian Johnson, the CFPB’s current Deputy Director, is scheduled to leave the agency on March 6....more

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CFPB’s top enforcement official reported to have resigned

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According to American Banker, Kristen Donoghue, who has served as the CFPB’s Assistant Director of Enforcement since November 2017, has resigned. ...more

BCLP

CFPB Director Kraninger – 2019 Listening Tour and Bureau Priorities

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On December 11, 2018 Kathleen Kraninger, the new Director of the Bureau of Consumer Financial Protection, held a media conference. She introduced herself and answered media questions....more

Ballard Spahr LLP

Senate confirms Kraninger as CFPB Director

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Thursday afternoon, by a vote of 50-49, the Senate confirmed Kathy Kraninger as CFPB Director. Pursuant to the Dodd-Frank Act, the CFPB Director has a five-year term. ...more

Ballard Spahr LLP

Kraninger Nomination Advances in Senate

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Yesterday afternoon the Senate voted 50 – 49 to invoke cloture and proceed to debate and a final vote on the nomination of Kathy Kraninger to be the next Director of the Bureau of Consumer Financial Protection (“BCFP”).  ...more

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Trade Groups Support Confirmation of Kraninger as CFPB Director

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A number of housing and financial industry trade groups, including the Mortgage Bankers Association and Real Estate Services Providers Council, Inc. (RESPRO®), recently sent a letter to Senators Mitch McConnell (R-KY) and...more

Ballard Spahr LLP

Senate Banking Committee approves Kraninger nomination

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By a 13 to 12 party-line vote today, the Senate Banking Committee approved President Trump’s nomination of Kathy Kraninger to serve as CFPB Director. When the full Senate will consider her nomination and whether it will be...more

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Brian Johnson named CFPB Acting Deputy Director

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CFPB Acting Director Mick Mulvaney announced yesterday that he has selected Brian Johnson, who currently serves as CFPB Principal Policy Director, to serve as Acting Deputy Director.  Before joining the CFPB, Mr. Johnson...more

Seyfarth Shaw LLP

CFPB Commotion Continues: Leandra English Resigns from CFPB Deputy Director Post

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On July 6, 2018, Leandra English, through her attorney via Twitter, announced she would be resigning from the Consumer Financial Protection Bureau (“CFPB”)....more

Ballard Spahr LLP

Democratic Senators seek documents from Kraninger about her role in “zero-tolerance” policy

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Democratic Senators Elizabeth Warren and Sherrod Brown have sent a letter to Kathy Kraninger, President Trump’s nominee for CFPB Director, seeking documents and other information about Ms. Kraninger’s role in the development...more

Seyfarth Shaw LLP

D.C. Circuit Questions English’s Standing To Challenge CFPB Control

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The battle for control of the Consumer Financial Protection Bureau (“CFPB”) raged on last Thursday during oral argument before the United States Court of Appeals for the District of Columbia Circuit in English v. Trump....more

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Senate Banking Committee Probes Mulvaney’s Leadership at the CFPB

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On April 12, 2018, Mick Mulvaney, the Acting Director of the Consumer Financial Protection Bureau (Bureau) testified before the Senate Committee on Banking, Housing, and Urban Affairs regarding the Bureau’s Semi-Annual Report...more

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D.C. Circuit panel questions Mulvaney’s dual CFPB/OMB roles in English appeal oral argument

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On April 12, 2018, the United States Court of Appeals for the District of Columbia Circuit held oral argument on the appeal brought by Leandra English, CFPB Deputy Director, of the district court’s denial of her application...more

Ballard Spahr LLP

D.C. Circuit to live stream oral argument in English appeal

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The D.C. Circuit will live stream the oral argument scheduled for April 12 in Leandra English’s appeal in her action seeking a declaration that she, rather than Mick Mulvaney, is the lawful CFPB Acting Director. Ms. English...more

Ballard Spahr LLP

D.C. Circuit panel members announced for English appeal

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The D.C. Circuit has released the names of the judges who will hear the oral argument scheduled for April 12 in Leandra English’s appeal in her action seeking a declaration that she, rather than Mick Mulvaney, is the lawful...more

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Three amicus briefs in support of President Trump and Mick Mulvaney filed in English appeal

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Three amicus briefs have been filed in the U.S. Court of Appeals for the D.C. Circuit in support of President Trump and Mick Mulvaney, who are asking the D.C. Circuit to affirm the district court’s decision denying Leandra...more

Ballard Spahr LLP

English files reply brief in preliminary injunction appeal

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Leandra English has filed her reply brief in her appeal of the district court’s denial of her preliminary injunction motion in her action seeking a declaration that she, rather than Mick Mulvaney, is the lawful CFPB Acting...more

Ballard Spahr LLP

How long can Mick Mulvaney serve as CFPB Acting Director?

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Mick Mulvaney’s appointment by President Trump as CFPB Acting Director became effective on November 25, 2017 upon Richard Cordray’s resignation (which became effective at midnight on November 24).  ...more

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DOJ files opposition brief in English preliminary injunction appeal

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The Department of Justice has filed its opposition brief in Leandra English’s appeal of the district court’s denial of her preliminary injunction motion in her action seeking a declaration that she is the lawful Acting CFPB...more

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