Senate Republicans say no CFPB director until power is checked

Critics say the CFPB, which has forced misbehaving banks to return more than $12 billion to consumers, is the epitome of government overreach and wields too much unchecked power. Warren and other.

Philly Mayor Throws Support Behind City-wide Foreclosure Prevention Program Flagstar Bancorp announces mass layoff A few months ago we pointed out that mass layoffs were coming for bankers due to declining revenues and more difficult market conditions, and now we’re seeing the first major wave of that come to fruition.. Bank of America has announced that it will fire as many as 8,000 employees within its consumer division the FT reports.The core reason given for the headcount reduction in this instance is.After less than a year of legal battle, a federal judge has sided with the city of Philadelphia in their lawsuit against the U.S. Department of Justice (DOJ) over ‘sanctuary city’ restrictions that the latter tried to impose. The ruling, handed down by U.S. District Judge Michael Baylson.Move lawsuit against Zillow clears contempt hurdle with settlement The absence of late conservative J ustice antonin scalia looms large over the Court this year. time in three years that it will issue a decision on Fisher v. Texas. The lawsuit, on behalf of.

Senate Panel Gives Thumbs-Up To Confirming CFPB Director Cordray. Some Senate Republicans have vowed to block the confirmation unless there are significant changes made to the Bureau’s structure. They want to see a single directorship replaced by the more standard bipartisan commission structure seen in other agencies.

Wells Fargo ups commissions to spur loan production The new programme of long-term loans for banks, which will be tied to lending to. non-existent for the foreseeable future," Jay Bryson, senior economist at Wells Fargo, wrote in a note. "We look.