Tag Archives: Accountability

Kathleen Kraninger gave her testimony before the Senate Banking Committee on Thursday during a hearing on her nomination to lead the Bureau of Consumer Financial Protection. Here are the details.

The Consumer Financial Protection Bureau (CFPB) managed approximately 317,000 consumer complaints between October 2016 and September 2017, according to the semi-annual report of the CFPB for the period ...

Financial Services Committee Chairman Jeb Hensarling still finds fault in the CFPB’s structure, and in Cordray’s leadership. According to Hensarling, Cordray “recklessly ignores the due process protections that have been deeply rooted in our American legal system for centuries." Hensarling hopes the Bureau will become the "cop on the beat" its supporters want.

The Securities and Exchange Commission is shifting its focus toward greater transparency amid the rapid and significant technological innovations going on in our financial markets, while maintaining and instilling greater accountability.

The director of the controversial Consumer Financial Protection Bureau (CFPB) testified before the Senate Banking Committee on the Bureau's perceived lack of oversight and accountability in a full committee hearing titled "The Consumer Financial Protection Bureau’s Semi-Annual Report to Congress" on Tuesday.