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CFPB responds to letter from Democrats requesting auto fair lending information and gets new request from Republicans

As we reported, on May 28, 2013, Democratic members of the House Committee on Financial Services sent a letter to Director Cordray requesting information about the CFPB’s activities related to auto fair lending, including...more

“Responsible Conduct”: a welcome statement, but with two serious problems

On June 25, 2013, the CFPB released a Bulletin to describe the sorts of “responsible conduct” that might lead it to be more lenient in the context of an enforcement investigation....more

D.C. Circuit NLRB Decision Casts Doubt on Validity of Cordray Appointment

The validity of President Obama’s January 2012 recess appointment of Richard Cordray as Director of the Consumer Financial Protection Bureau is now under a dark cloud as a result of the decision by the U.S. Court of Appeals...more

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