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Wells - 2 Sam Gilford - 2 ” - 2 “ - 2 Dodd - 1 Frank Wall - 1 Democratic Sen - 1 Elizabeth Warren - 1
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Search resuls for: "Sam Gilford"


2 mentions found


☆ The fate of this consumer watchdog is in the hands of the Supreme Court
  + stars: | 2023-10-03 | by ( Elisabeth Buchwald | ) edition.cnn.com   time to read: +6 min
New York CNN —On Tuesday, the Supreme Court began hearing oral arguments in a case that will determine the fate of the Consumer Financial Protection Bureau. The Supreme Court will have the final say on that, however. The consumer watchdog agency was created after the 2008 financial crisis by way of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If the Supreme Court finds the CFPB’s funding structure unconstitutional, it could shutter the agency and invalidate all of its prior rulings. From listening to the case on Tuesday, though, Lynyak believes the Supreme Court will rule that the CFPB’s funding structure is constitutional.
Persons: Dodd, Frank Wall, Democratic Sen, Elizabeth Warren, Ting Shen, Wells, Sam Gilford, ” There’s, Joseph Lynyak III, Lynyak, ”, Noel Francisco, Francisco, “, Sonia Sotomayor, Amy Coney Barrett Organizations: New, New York CNN, Supreme, Consumer Financial, Bureau, Community Financial Services Association of America, Appeals, Fifth Circuit, Frank Wall Street Reform, Consumer, Democratic, Harvard Law School, Federal Reserve, Bloomberg, Getty, “, Mortgage Bankers Association, National Association of Homebuilders, National Association of Realtors, Bank of America, Court, Federal Deposit Insurance Corporation, Congressional, CNN, Dorsey & Whitney, Republican Locations: New York, New Orleans, United States
☆ Federal Court Says Consumer Watchdog Can’t Check Banks for Discrimination
  + stars: | 2023-09-11 | by ( Emily Flitter | More About Emily Flitter | ) www.nytimes.com   time to read: +2 min
“A longstanding and straightforward federal law prohibits unfair acts and practices, stating that financial firms cannot subject consumers to substantial and unavoidable harm, Mr. Gilford said. Banks have long tried to limit the ways regulators can penalize them. The trade groups behind the lawsuit had originally stressed that their main impetus for suing the C.F.P.B. The regulator had added “discrimination” to a manual provided to financial firms explaining how to prepare for the agency’s periodic checks on their operations. Officials should have given them more warning, the groups argued, and a chance to submit public comments on the matter before finalizing the change.
Persons: ”, Sam Gilford, Gilford, “, Banks, George Floyd’s, Wells, Trump, Obama Organizations: Bank of America Locations: Wells Fargo
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