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Consumer Financial Protection Bureau (CFPB) OIRA Office of Management and Budget

Katten Muchin Rosenman LLP

President Trump Executive Order on Supervision of 'Independent' Agencies

Amidst a blitz of executive action, on February 18, President Donald Trump signed an executive order entitled “Ensuring Accountability for all Agencies” (Executive Order) exerting more direct control over “independent...more

Ballard Spahr LLP

OMB guidance on CRA compliance imposes new rule review process on independent agencies

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A memorandum issued by the Office of Management and Budget entitled “Guidance on Compliance with the Congressional Review Act” imposes a new review process on final rules issued by the CFPB and other independent regulatory...more

Ballard Spahr LLP

House passes bill to subject CFPB rules to OIRA review

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On March 1,2017, by a vote of 241 to 104, the House passed the “OIRA Insight, Reform, and Accountability Act” (H.R. 1009), which would subject independent regulatory agencies such as the CFPB to the regulatory review process...more

Ballard Spahr LLP

Trump nominee to head OMB could create roadblock for CFPB regulations

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It has been reported that President-elect Donald Trump has nominated South Carolina Republican Congressman Mick Mulvaney to be Director of the Office of Management and Budget (OMB). Mr. Mulvaney has been described as a...more

Ballard Spahr LLP

ABA and CBA seek revisions to generic clearance process

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The American Bankers Association and the Consumer Bankers Association (the Associations) have sent a letter to the Office of Information and Regulatory Affairs (OIRA) (part of the Office of Management and Budget (OMB)) urging...more

Ballard Spahr LLP

ABA challenges CFPB use of generic clearance for overdraft research

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The American Bankers Association has sent a comment letter to the CFPB challenging the Bureau’s use of the generic clearance process to conduct research in connection with its overdraft rulemaking. The letter was submitted...more

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