Latest U.S. Consumer Financial Protection Bureau News

FILE - In this May 8, 2019 file photo, then Federal Trade Commission commissioner Rohit Chopra testifies during a House Energy and Commerce subcommittee hearing on Capitol Hill in Washington. President-elect Joe Biden is set to nominate Rohit Chopra as the director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm the agency whose creation she championed. (AP Photo/Susan Walsh)

Biden picks Chopra, Gensler for financial oversight roles

Jan. 18, 2021 5:42 PM EST

WASHINGTON (AP) — President-elect Joe Biden has chosen Rohit Chopra to be the director of the Consumer Financial Protection Bureau, tapping a progressive ally of Sen. Elizabeth Warren to helm the agency whose creation she championed. Chopra, now a commissioner at the Federal Trade Commission, helped launch...

FILE - In this June 9, 2020, file photo, Federal Housing Finance Agency Director Mark Calabria testifies before a Senate Banking, Housing, and Urban Affairs Committee hearing on Capitol Hill in Washington. The Supreme Court is hearing a case on Dec. 9, 2020, that could make it easier for the president to fire the head of the agency that oversees government-controlled mortgage giants Fannie Mae and Freddie Mac. The case could also mean undoing an arrangement between the companies and the government that has sent $246 billion in their profits to the Treasury. That was compensation for the taxpayer bailout they received after the 2007 housing market crash. (Astrid Riecken/The Washington Post via AP, Pool)

High court takes on Fannie, Freddie presidential power case

Dec. 9, 2020 2:19 PM EST

WASHINGTON (AP) — The Supreme Court wrestled Wednesday with a case that could make it easier for the president to fire the head of the agency that oversees government-controlled mortgage giants Fannie Mae and Freddie Mac. But the justices seemed skeptical about doing what shareholders of the companies...

Nationstar Mortgage to refund $73M to borrowers under order

Dec. 7, 2020 12:54 PM EST

CHARLOTTE, N.C. (AP) — Nationstar Mortgage, which operates under the brand Mr. Cooper, was ordered to repay $73 million to roughly 40,000 homeowners for repeatedly failing to provide even the most basic operations as a mortgage servicing company over four years, the Consumer Financial Protection Bureau...