1. Feb

    CFPB Finances Under Fire

    Richard Cordray may be running for governor in Ohio, but he left the Consumer Financial Protection Bureau (CFPB) in shambles. More than 25 free-market organizations, including Americans for Tax Reform and FreedomWorks, have asked CFPB Acting Director Mick Mulvaney to audit the agency’s finances. Jason Pye, vice president at FreedomWorks, had the following to say: “Every […]

  2. Jan

    New CFPB Renovations Hit $124 Million

    The Consumer Financial Protection Bureau’s (CFPB) Washington, D.C. headquarters is in the middle of massive renovations—and expensive ones at that. As the Daily Caller’s Richard Pollock recently reported, renovation costs for the new CFPB headquarters have skyrocketed, posting 25 percent in cost overruns. Original cost estimates for the agency’s renovation came in at $55 million, but the CFPB ran […]

  3. Dec

    Richard Cordray Leaves Behind Shoddy CFPB Legacy

    Richard Cordray has hit the campaign trail in Ohio, where he’s running for governor in 2018. But the former director of the Consumer Financial Protection Bureau (CFPB) leaves behind a shoddy legacy in Washington, D.C. Under Cordray’s watch, the CFPB turned into one of Washington’s most politically biased federal regulators. According to Federal Election Commission data, 100 percent of political contributions made […]

  4. Nov

    How the CFPB Targets Minority Communities

    Minority communities, beware of the Consumer Financial Protection Bureau (CFPB). This week, U.S. Hispanic Chamber of Commerce President and CEO Javier Palomarez published an op-ed column explaining why the CFPB’s recent rulemaking on small-dollar loans ultimately puts minority entrepreneurs at risk. By imposing numerous restrictions on small-dollar lending, the rogue agency will inevitably make it more difficult […]

  5. Oct

    Richard Cordray Uses Government Email for Politics?

    In late July, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray’s plan to run for Ohio governor leaked. Within days, Cordray received a message with an offer to help with his potential 2018 campaign, which he then forwarded to a redacted email address. According to the Washington Free Beacon, “an individual calling herself Debbie” wrote to Cordray’s […]

  6. Sep

    Federal Judge Sanctions CFPB

    Earlier this week, a federal judge in Atlanta sanctioned the Consumer Financial Protection Bureau (CFPB) for its conduct in a recent enforcement action against several debt collection agencies in Georgia and New York. U.S. District Judge Richard Story claimed that the CFPB “willfully violated” his repeated instructions to identify the factual basis for its claims against […]

  7. Aug

    Richard Cordray in Violation of Hatch Act?

    Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), plans to run for Ohio governor in 2018. But the longtime Democrat is not leaving Washington quietly. His agency is rushing to release a new rule targeting the payday loan industry, which provides short-term loans to low-income borrowers. Once the rule is released, the CFPB will require payday lenders […]

  8. Jul

    CFPB Moves Forward with Another Costly Rule

    The latest out of Washington is that the Consumer Financial Protection Bureau (CFPB) has come close to finalizing yet another burdensome mandate. In the next two or three months, the CFPB is expected to issue its final arbitration ban, limiting the use of class-action waivers. What does that mean? The proposed rule would bar financial […]

  9. Jun

    Richard Cordray Threatened with Contempt Charges

    Oh, Richard. The Consumer Financial Protection Bureau’s (CFPB) embattled director is being threatened by the House Financial Services Committee. Why? For allegedly lying about the CFPB’s investigation into the Wells Fargo scandal. According to American Banker, “the committee claimed that the CFPB has not produced records showing that it conducted a full investigation of Wells’ branch […]

  10. May

    Richard Cordray Huddles with Democrats

    Objective. Nonpartisan. Balanced. That’s how Richard Cordray, director of the Consumer Financial Protection Bureau (CFPB), describes his agency. But Cordray’s actions suggest that he’s a loyal partisan. Cordray recently attended the House Democrats’ weekly caucus meeting at the request of Rep. Maxine Waters (D-CA). (Yes, that Maxine Waters.) Apparently, they discussed ways to block the […]