News & Analysis as of

Consumer Financial Protection Bureau (CFPB) Administrative Authority Trump Administration

Orrick, Herrington & Sutcliffe LLP

CFPB responds to GAO letter on budget authority

On July 30, the CFPB’s Chief Legal Officer, Mark Paoletta, responded to a June GAO letter which raised several questions about the Bureau’s authority to request or decline funding. In particular, the CFPB focused on GAO’s...more

Ballard Spahr LLP

President Trump’s FY 2020 budget continues attempt to subject CFPB to appropriations process

Ballard Spahr LLP on

Like his FY 2018 and FY 2019 budgets, President Trump’s FY 2020 budget would make the CFPB subject to the regular Congressional appropriations process....more

Ballard Spahr LLP

Senate confirms Kraninger as CFPB Director

Ballard Spahr LLP on

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

President Trump issues executive order to change process used by CFPB and other federal agencies for hiring administrative law...

Ballard Spahr LLP on

In response to the U.S. Supreme Court’s decision in Lucia v. SEC, President Trump has issued an executive order that changes the process used by federal agencies for administrative law judges (ALJs)....more

Troutman Pepper Locke

Cordray's Departure Will Mean Big Changes at the CFPB

Troutman Pepper Locke on

One of two scenarios will likely occur in the near future at the CFPB. Either Director Richard Cordray will be fired by President Trump (for cause), or Cordray will resign to enter the 2018 Ohio gubernatorial race. If either...more

BCLP

Trump May Not be the Only Catalyst for Administrative Reform

BCLP on

In the past few months, there has been a lot of speculation regarding the future of many administrative agencies under Trump’s administration. However, two current cases pending in the D.C. Circuit have the potential to have...more

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