With all the headlines about changes in federal government structure in recent weeks, it is easy to miss some of the key changes taking place at the Securities and Exchange Commission. In this note, we have summarized three...more
On April 24, four members of the U.S. Senate Committee on Banking, Housing, and Urban Affairs sent a letter to the FDIC requesting information regarding DOGE’s involvement at the FDIC. The senators are seeking information...more
On March 26, Senators Elizabeth Warren (D-MA) and Adam Schiff (D-CA), under the jurisdiction of the Senate Committee on Banking, Housing, and Urban Affairs, requested the CFPB’s OIG investigate potential ethics violations by...more
According to news sources, including Reuters, on Friday, February 21, the U.S. Securities and Exchange Commission (SEC) reportedly informed regional directors at its 10 regional offices that it plans to eliminate their roles...more
To keep you informed of recent activities, below are several of the most significant federal and state events that have influenced the Consumer Financial Services industry over the past week....more
We previously reported on changes to leadership at the Consumer Financial Protection Bureau (CFPB), the halt of all activities at the CFPB, and the impacts to the financial services industry. The environment continues to...more
On February 19, Sens. Elizabeth Warren (D-MA) and Adam Schiff (D-CA) sent a letter to the Secretary of the Treasury, Scott Bessent, and Acting Director of the CFPB, Russell Vought, demanding that members from DOGE and its...more
On February 11, 189 congressional Democrats sent a letter to Acting Director Russell Vought of the CFPB and Treasury Secretary Scott Bessent expressing concerns regarding the involvement of DOGE at the CFPB and the orders to...more