Bloomberg News Key Insight: The CFPB’s enforcement chief called the November nomination of a permanent director a “technical maneuver,” with no plans for permanent leadership at the agency. What’s at Stake: Three enforcement directors have resigned from the CFPB this year, a sign of the massive upheaval created by the Trump administration. Expert Quote: “There […]
CFPB’s enforcement chief resigns, citing ‘no path’ forward Read More »
Bloomberg News Key Insight: The Government Accountability Office agreed to investigate Federal Housing Finance Agency Director Bill Pulte at the request of eight Democratic senators, who claim Pulte used his power to target President Trump’s political opponents. What’s at Stake: Federal government employees are trained extensively on issues related to the public disclosure of private
GAO to investigate FHFA’s Pulte over mortgage fraud claims Read More »
Key insight: Bank regulators plan to continue with tailoring exercises and other deregulation. Forward look: The regulators should be back in the Senate Banking Committee in the new year per oversight requirements, but oversight hearings have been scarce in this Congress. What’s at stake: Banks are watching as key rules like Basel III endgame and
In Congress, bank regulators defend Trump agenda Read More »
Bloomberg News Key Insight: The Consumer Financial Protection Bureau is going to run out of money early next year, putting the agency in violation of a preliminary injunction. What’s at Stake: Acting Director Russell Vought says that because he cannot request funding for the agency, he may have to furlough employees or be unable to
CFPB court battle with union continues with no end in sight Read More »
Key Insight: Acting Consumer Financial Protection Bureau Director Russell Vought says he cannot request money for the bureau because the Federal Reserve System has not turned a profit since 2022. Supporting Data: While some think the issue could be taken up eventually by the Supreme Court, new data suggests the Federal Reserve may return to
CFPB tees up second funding battle with Supreme Court Read More »
Kevin Hassett, director of the White House National Economic Council, is the leading candidate to be the next Federal Reserve chair, advisers and allies of President Donald Trump told Bloomberg, as the deadline for a new Fed governor approaches. Trump has voiced his opposition to the current Fed leader, Jerome Powell. Trump has threatened to
Kevin Hassett is the rumored lead for Fed chair position Read More »
The idea of the 50-year mortgages flooded the news recently. It is the newest attempt by the Trump Administration to bring down housing costs, but I don’t think it was thought through entirely. On paper, it seems like a crazy but good idea. 50 years is a long time, but at least it would allow
50-year mortgage proposal could reshape U.S. housing costs Read More »
The Trump administration has quietly dissolved U.S. DOGE Service — also known as the Department of Government Efficiency — according to multiple reports. “That doesn’t exist,” Office of Personnel Management (OPM) Director Scott Kupor told Reuters earlier this month when asked about DOGE’s status, adding that the department is no longer a “centralized entity.” In
DOGE may be dead, but its deregulatory housing agenda lives on Read More »
A federal judge has dismissed the criminal case against New York Attorney General Letitia James, ruling that the prosecutor who brought the charges was unlawfully appointed and therefore lacked legal authority to present the case to a grand jury. Senior U.S. District Judge Cameron McGowan Currie, sitting by designation in the Eastern District of Virginia,
Judge dismisses charges against NY AG Letitia James Read More »
Bloomberg News What’s at Stake: The court filing comes after Vought said last week that he will not request funding for the CFPB and that the agency will run out of the money in early 2026. Key Insight: The district court issued a broad preliminary injunction in March that prohibited the Trump administration from mass
CFPB’s union asks for clarification on Vought injunction Read More »