Consumer Financial Protection Bureau

Federal Government Abdicates Responsibility for Investigating Massive Equifax Data Theft

February 12, 2018

The Consumer Finance Protection Bureau had initiated an investigation into the data of theft of data of 143 million US citizens, but now the CFPB abandoned the investigation under Trump’s budget director Mulvaney. Bill Black explains the consequences

Consumer Protection Moves to Throw the Weakest Under the Bus

January 21, 2018

In one of his first moves as director of the Consumer Financial Protection Board, Mick Mulvaney scrapped a rule regulating payday lenders. “This has everything to do with facilitating fraud and predation,” says white-collar criminologist Bill Black

Trump’s Coup on Consumer Protection

November 27, 2017

The Consumer Financial Protection Bureau is in limbo as two people claim to be its new acting director. The outgoing head tapped Leandra English as his successor, but Donald Trump then appointed Mick Mulvaney, who has called the CFPB a “sick, sad” joke

Trump’s CFPB Pick Will Likely Spell Bad News for Consumers

November 17, 2017

The good news is that President Trump has been slow to nominate heads for regulatory agencies, says white-collar criminologist Bill Black. The bad news is that Trump will pick someone eventually to replace Richard Cordray

Wall Street Wins as Senate Blocks Consumer Protection Rule

October 25, 2017

The Senate voted 51-50 to repeal a rule that would have made it easier for consumers to sue the financial institutions that defraud them. The move is “outrageous,” says white-collar criminologist Bill Black. “It should be a national scandal, and require resignations in disgrace”

The Black Financial and Fraud Report

July 14, 2017
Former financial regulator Bill Black offers bankers a challenge: Step forward if you support the new rule issued by The Consumer Financial Protection Bureau allowing consumers to bring about class-action litigation against banks who defraud them