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Factbox: What is the U.S. Consumer Financial Protection Bureau?

(Reuters) – The U.S. Consumer Financial Protection Bureau (CFPB) has been thrown into disarray by a battle between the White House and Obama-era officials over who gets to run the federal watchdog on an interim basis after its director resigned. Outgoing direc... More »

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U.S. consumer watchdog agency official sues to block Trump’s pick

Office of Management and Budget Director Mick Mulvaney attends the daily briefing at the White House in Washington, U.S., July 20, 2017. REUTERS/Carlos Barria WASHINGTON (Reuters) – A senior U.S. Consumer Financial Protection Bureau official filed suit late on... More »

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U.S. consumer finance agency official sues to stop Trump appointment

File Photo – Office of Management and Budget Director Mick Mulvaney waits to testify before a Senate Budget Committee hearing on FY2018 Budget Proposals on Capitol Hill in Washington, U.S., May 25, 2017. REUTERS/Yuri Gripas WASHINGTON (Reuters) – The deputy di... More »

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Succession battle at U.S. financial agency seen headed to courts

Office of Management and Budget Director Mick Mulvaney attends the daily briefing at the White House in Washington, U.S., July 20, 2017. REUTERS/Carlos Barria WEST PALM BEACH, Fla./WASHINGTON (Reuters) – A battle between the White House and Democrats over warr... More »

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Ex-banker Otting confirmed as U.S. Comptroller of the Currency

WASHINGTON (Reuters) – A former banking executive and associate of U.S. Treasury Secretary Steve Mnuchin was confirmed by the Senate on Thursday to be U.S. Comptroller of the Currency, serving as the leading regulator of national banks. The Senate approved Jos... More »

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Republicans strike back at new U.S. ban on forced arbitration

FILE PHOTO – Senator Tom Cotton (R-AR) walks after Senate Republicans unveiled their version of legislation that would replace Obamacare on Capitol Hill in Washington, U.S., June 22, 2017. Republicans lawmakers on Tuesday started trying to kill a brand-new U.S... More »

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Trump`s Wall Street game plan needs players

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. December 28, 2016. REUTERS/Andrew Kelly Wall Street banks on Tuesday cheered U.S. President Donald Trump’s plans to loosen the leash put on them ... More »

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U.S. appeals court to reconsider challenge to consumer bureau

A U.S. appeals court said on Thursday it will reconsider an October ruling that the Consumer Financial Protection Bureau’s structure is unconstitutional, virtually guaranteeing the battle over an agency borne of the financial crisis will reach the Supreme Cour... More »

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Trump ignites political fight over U.S. banking law reforms

After signing, U.S. President Donald Trump holds up an executive order rolling back regulations from the 2010 Dodd-Frank law on Wall Street reform at the White House in Washington February 3, 2017. REUTERS/Kevin Lamarque U.S. President Donald Trump on Friday o... More »

Wells Fargo will pay $190 million to settle customer fraud case

A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, February 10, 2015. REUTERS/Jim Young Wells Fargo has long been the envy of the banking industry for its ability to sell multiple products to the same customer, but regulators on Thursday... More »