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Risk Management › Regulatory Agencies › Consumer Financial Protection Bureau (CFPB)

Orrick, Herrington & Sutcliffe LLP

Financial services industry trade groups pen letter to Treasury Secretary Bessent on cybersecurity risks

Orrick, Herrington & Sutcliffe LLP on

On June 9, multiple financial services trade associations sent a letter to Treasury Secretary Scott Bessent expressing concerns about cybersecurity risk management practices at federal regulatory agencies following the OCC’s...more

Orrick, Herrington & Sutcliffe LLP

Q&A: What Will the CFPB Look Like Under McKernan?

Orrick, Herrington & Sutcliffe LLP on

On February 11, the White House announced Jonathan McKernan’s nomination as Director of the Consumer Financial Protection Bureau (CFPB). McKernan was previously confirmed to the Board of the FDIC by the Senate on a voice...more

Ballard Spahr LLP

House members urge CFPB to define “risk to consumers” in procedural rule on risk-based supervisory authority

Ballard Spahr LLP on

A bi-partisan group of House members has sent a letter to CFPB Director Chopra to express concern about the CFPB’s rule setting forth its procedures for establishing supervisory authority over nonbanks engaged in conduct that...more

Ballard Spahr LLP

OIG finds incomplete CFPB response to unaccounted-for-laptops

Ballard Spahr LLP on

The CFPB’s Office of Inspector General has issued a report indicating that, in performing an audit of the CFPB’s encryption of data on mobile devices issued to staff members, the OIG found the CFPB had not yet completed all...more

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