News & Analysis as of

Regulatory Oversight Consumer Financial Protection Bureau (CFPB) Investigations

Orrick, Herrington & Sutcliffe LLP

Committee chairman asks Fed inspector general to investigate CFPB, Chopra for potential abuses

On June 26, the Chairman of the House Committee on Financial Services Subcommittee on Oversight and Investigations, Rep. Don Meuser (R-PA), sent a letter to the acting inspector general for the Fed and CFPB to investigate...more

Ballard Spahr LLP

Independent Fed Inspector General assigned to CFPB investigating administration’s actions at the CFPB

Ballard Spahr LLP on

The independent Office of Inspector General (OIG) for the Federal Reserve System (FRS) and Consumer Financial Protection Bureau (CFPB) is investigating the bureau’s workforce reductions and its canceled contracts, according...more

Orrick, Herrington & Sutcliffe LLP

OIG confirms it will investigate CFPB following senators’ requests

On June 6, the OIG for the Fed and the CFPB responded to requests from Sens. Andy Kim (D-NJ) and Elizabeth Warren (D-MA) for a review of recent workforce reductions and contract cancellations at the CFPB. The OIG confirmed it...more

Orrick, Herrington & Sutcliffe LLP

GAO agrees to investigate recent CFPB actions

On April 23, the GAO confirmed receipt of a request from Sens. Elizabeth Warren (D-MA) and Andy Kim (D-NJ) and agreed to investigate recent actions undertaken at the CFPB and the impact that DOGE and other CFPB actions have...more

Sheppard Mullin Richter & Hampton LLP

CFPB Director Testifies Before Congress

This week, CFPB Director, Rohit Chopra, appeared before the U.S. Senate Committee on Banking, Housing, and Urban Affairs and the U.S. House Committee on Financial Services in conjunction with the CFPB’s submission of its...more

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