The CFPB seeks legislation to establish a reward program for whistleblowers, who could be tipped up to $10 million for providing original information that leads to a successful enforcement action.

The CFPB will provide financial services institutions with advisory opinions to convey its interpretation of its existing rules upon request.

The CFPB has filed a lawsuit against Fifth Third Bank alleging it opened deposit and credit-card accounts without consumers’ consent.

Low staff levels make it difficult for the CFPB to conduct follow-up monitoring of previous enforcement actions, according to the bureau’s Office of Inspector General.

The Sword of Damocles hung over his head during his last year at the helm of the bureau, former CFPB Director Richard Cordray disclosed in his new book.

Coronavirus-related risks for certain industries represent a significant danger to the U.S. collateralized loan obligations market, but diversification and liquidity buffers may help absorb the immediate impact.

In the wake of the coronavirus pandemic, some state regulators have temporarily eased rules to allow loan originators to telecommute.