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The CFPB at 10: The Past is Prologue

USA - July 21 2021 Ten years ago today, the Consumer Financial Protection Bureau began its operations, consolidating many consumer financial protection responsibilities…

R. Andrew Arculin, Meredith L. Boylan, Allen H. Denson, Leonard L. Gordon, Jonathan L. Pompan

AI in Financial Services: ..AI in Financial Services: Federal Banking Agencies Request Input Regarding Use of Models for Compliance with BSA/AML and OFAC Requirements

USA - June 1 2021 The federal banking agencies have maintained a focus on the use of artificial intelligence (AI) and management of AI models. While a previous RFI…

Andrew E. Bigart, D. E. (Ed) Wilson, Jr., Michelle Liu, Michael Marusak, Christopher M. Scribner

CFPB Fair Lending Activities and Report to Congress

USA - May 25 2021 As the CFPB continues to ramp up its fair lending investigations and enforcement highlighted by Acting Director David Uejio, a recent GAO report has…

R. Andrew Arculin, Erin Zacuto Cass, Peter S. Frechette

Education Department Brings in Richard Cordray

USA - May 7 2021 The Department of Education (ED) has brought on former CFPB Director Richard Cordray as the Chief Operating Officer of the Office of Federal Student…

Meredith L. Boylan, Sarah B. Donovan, Peter S. Frechette

Now, It's Personal: Individual Liability in Recent CFPB Enforcement Actions

USA - May 3 2021 Former Bureau Director Kathy Kraninger resigned on January 20, 2021, at the behest of the Biden administration, thereby paving the way for the…

Allen H. Denson, Brandon Wong