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Education Department names Richard Cordray Chief Operating Officer of Federal Student Aid

CFPB Monitor

In addition to having served as CFPB Director, Mr. Cordray formerly served as Ohio Attorney General. Rohit Chopra, President Biden’s nominee for CFPB Director, previously served as the CFPB’s Private Education Loan Ombudsman under Mr. Cordray’s leadership. Chopra was highly critical of private student loan servicing practices.

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Bitcoin Daily: SEC Regs Could Exclude Cryptos; Litecoin Founder Has Eye On Survival

PYMNTS

Warren Davidson (R-Ohio) and Darren Soto (D-Fla.) “In the early days of the internet, Congress passed legislation that provided certainty, and resisted the temptation to over-regulate the market. According to CNBC , Reps.

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SMBs Losing Hope Over U.S. Tax Reform

PYMNTS

Twelve percent cited said regulation was the most critical issue facing their businesses. One survey respondent, Jason Duff, founder of small business operator Bellefontaine Ohio Properties, said the current climate for SMBs in the U.S. reflects a lack of leadership at the White House. We need better leadership.

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Rep. Hensarling Leaked Memo Shows He’s Gearing Up To Weaken CFPB

PYMNTS

According to a report by The New York Times , citing a leaked memo by Hensarling, the Republican from Texas, who has long been a critic of the CFPB, detailed in the memo plans to weaken the CFPB leadership by enabling President Trump to replace the director at any time.

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The ICBA 22/23 executive committee is all in

Independent Banker

Coldwater, Ohio. Lucas White: We need to continue to differentiate community banks and educate policymakers on why tiered and proportionate regulation is necessary. We need to make sure people remember that and have it reflected in laws and regulations that affect our industry. Chairman Brad M. Grand Rapids, Minn.;

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PLI 25th Annual Consumer Financial Services Institute – 25% discount available

CFPB Monitor

The Institute is considered the country’s premier consumer financial services CLE program and this year’s Institute will once again explore in detail important developments in consumer financial services regulation and litigation. The leadership and priorities of the CFPB, OCC, FDIC, and FTC have changed under the Trump Administration.

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The CFPB’s Uncertain 2017

PYMNTS

A heated battle over its funding structure and leadership structure probably would not have come up. Cordray, a former Ohio attorney general, has been referred to as “squeaky clean” by fans, who characterize this recent search for cause as something of a witchhunt. But then, the world in Sept. 2016 and what it was anticipating for Jan.