Tabs

Bank/Thrift Supervision   |    Capital    |    CFPB    |    Deposit Insurance    |    Interchange    |    Mortgage Finance
Municipal Advisors   |    OCC-OTS Merger   |    Preemption    |    QM - QRM    |    Swaps   |    Volcker Rule    |    Full Topics List
 
Qualified Mortgage - Qualified Residential Mortgage
Swaps
Consumer Financial Protection Bureau - CFPB
Bank/Thrift Holding Company Supervision
Capital
Deposit Insurance
Interchange
Mortgage Finance
Municipal Advisors
OCC-OTS Merger
Preemption
Volcker Rule
Corporate Governance
Financial Stability Oversight Council (FSOC)
Appraisals
Office of Financial Research (OFR)
Systemic Risk
Supervision and Oversight
Payment, Clearing and Settlement
Prudential Supervision
Trust & Securities
Asset-Backed Securities
Resolution Authority

Tuesday, September 10, 2013

Senator Crapo Calls for CFPB Structural Changes

Senate Banking Committee Ranking Member Mike Crapo expressed concerns about the structure of the CFPB.
“The Dodd -Frank Act specifically elevated the Director of the CFPB so that he or she holds unique power to determine the agency’s budget and mission priorities without any public accountability or oversight from Congress. To alleviate these and other concerns, structural changes to the CFPB are essential.”
Crapo argues that if the CFPB moved towards a board format it would enhance transparency and accountability.

Read more.

No comments:

Post a Comment

Please read our comment policy before making a comment.