Benjamin Zachary Konop is a Senior Litigation Counsel in the Office of Enforcement at the Consumer Financial Protection Bureau in Washington,D.C. He also was a law professor and attorney in private practice.
The Credit Card Accountability Responsibility and Disclosure (CARD) Act of 2009 is a federal statute passed by the United States Congress and signed by U.S. President Barack Obama on May 22,2009. It is a comprehensive credit card reform legislation that aims "to establish fair and transparent practices relating to the extension of credit under an open end consumer credit plan,and for other purposes." The bill was passed with bipartisan support by both the House of Representatives and the Senate.
The Dodd–Frank Wall Street Reform and Consumer Protection Act,commonly referred to as Dodd–Frank,is a United States federal law that was enacted on July 21,2010. The law overhauled financial regulation in the aftermath of the Great Recession,and it made changes affecting all federal financial regulatory agencies and almost every part of the nation's financial services industry.
Michael S. Barr is an American legal scholar who has been the second vice chair of the Federal Reserve for supervision since 2022. From 2009 to 2011,he was assistant secretary of the treasury for financial institutions under President Barack Obama.
The Center for Responsible Lending (CRL) is a nonprofit organization research and policy group based in Durham,North Carolina. Its stated purpose is to educate the public about financial products and to push for policies that curb predatory lending. On its website and elsewhere,CRL describes its mission as that of "protecting homeownership and family wealth by working to eliminate abusive financial practices." CRL is affiliated with the Center for Community Self-Help.
The Consumer Financial Protection Bureau (CFPB) is an agency of the United States government responsible for consumer protection in the financial sector. CFPB's jurisdiction includes banks,credit unions,securities firms,payday lenders,mortgage-servicing operations,foreclosure relief services,debt collectors,and other financial companies operating in the United States. Since its founding,the CFPB has used technology tools to monitor how financial entities used social media and algorithms to target consumers.
In the legal code of the United States,a money transmitter or money transfer service is a business entity that provides money transfer services or payment instruments. Money transmitters in the US are part of a larger group of entities called money service businesses or MSBs. Under federal law,18 USC §1960,businesses are required to register for a money transmitter license where their activity falls within the state definition of a money transmitter.
Hollister K. Petraeus is a retired Assistant Director at the Consumer Financial Protection Bureau (CFPB),where she headed up the Office of Servicemember Affairs. She retired on January 12,2017. Her work at the CFPB centered around educating service members on sound financial management and protecting them against predatory lending and cons. She is the wife of retired General David Howell Petraeus.
LendUp was an American online direct lender. It offered payday loans,installment loans,and credit cards to consumers with low credit scores using publicly available data to assess creditworthiness. The company referred to its customers as “the emerging middle class.”LendUp also issued credit cards in partnership with Tom Steyer's Beneficial State Bank.
The Consumer Financial Protection Safety and Soundness Improvement Act of 2013 is a bill that would restructure the Consumer Financial Protection Bureau (CFPB) by transforming it into a five-person commission and removing it from the Federal Reserve System. The CFPB would be renamed the "Financial Product Safety Commission." This bill is also intended to make overturning the decisions about regulations that the new commission makes easier to do.
Navient Corporation is an American student loan servicer based in Wilmington,Delaware. Managing nearly $300 billion in student loans for more than 12 million debtors,the company was formed in 2014 by the split of Sallie Mae into two distinct entities:Sallie Mae Bank and Navient. Navient employs 6,000 people at offices across the U.S. As of 2018,Navient services 25% of student loans in the United States.
Financial CHOICE Act is a bill introduced to the 115th United States Congress in 2017 that would,if enacted,roll back "many of the protections in the landmark Dodd-Frank 2010 federal law,including the "strongest" Wall Street "regulations from the financial crisis. The legislation passed the House 233–186 on June 8,2017. The 600-page legislation was crafted by Congressman Jeb Hensarling (R-TX),chair of the House Financial Services Committee.
Keith A. Noreika is an American lawyer who specializes in the regulation of financial institutions. He served as Acting Comptroller of the Currency from May 5,2017,to November 27,2017,following the 30th Comptroller of the Currency,Thomas J. Curry,and preceding the 31st Comptroller of the Currency,Joseph Otting. Noreika rejoined the law firm of Simpson Thacher on January 8,2018. He joined Patomak Global Partners as Executive Vice President and Chairman of its Banking Supervision and Regulation Group on July 5,2022.
Leandra English is an American political advisor serving as an advisor to the Superintendent of the New York State Department of Financial Services. She formerly was the Deputy Director of the Consumer Financial Protection Bureau (CFPB) from 2017 until her resignation in 2018. She was the plaintiff in the lawsuit English v. Trump,in which she unsuccessfully sought to have herself acknowledged as Acting Director of the CFPB.
Rohit Chopra is an American consumer advocate who is the 3rd director of the Consumer Financial Protection Bureau and previous member of the Federal Trade Commission (FTC). Prior to this,Chopra served as assistant director of the Consumer Financial Protection Bureau (CFPB),a federal agency tasked with consumer protection in the financial sector. Chopra also served within the CFPB as the agency's first Student Loan Ombudsman,an office created by the Dodd–Frank Act.
Kathleen Laura Kraninger is an American government official who served as director of the Consumer Financial Protection Bureau (CFPB) from December 11,2018,until her resignation on January 20,2021. Before that,she served in the White House Office of Management and Budget during the Trump administration.
Seila Law LLC v. Consumer Financial Protection Bureau,591 U.S. ____ (2020) was a U.S. Supreme Court case which determined that the structure of the Consumer Financial Protection Bureau (CFPB),with a single director who could only be removed from office "for cause",violated the separation of powers. Handed down on June 29,2020,the Court's 5–4 decision created a new test to determine when Congress may limit the power of the president of the United States to remove an officer of the United States from office.
Collins v. Yellen,594 U.S. ___ (2021),was a United States Supreme Court case dealing with the structure of the Federal Housing Finance Agency (FHFA). The case follows on the Court's prior ruling in Seila Law LLC v. Consumer Financial Protection Bureau,which found that the establishing structure of the Consumer Financial Protection Bureau (CFPB),with a single director who could only be removed from office "for cause",violated the separation of powers;the FHFA shares a similar structure as the CFPB. The case extends the legal challenge to the federal takeover of Fannie Mae and Freddie Mac in 2008.
David Uejio is an American government official who is the chief strategy officer at the Consumer Financial Protection Bureau. His nomination to serve as assistant secretary of housing and urban development for fair housing and equal opportunity was returned to the President in January of 2022 and renominated the next day. He previously served as acting director of the Consumer Financial Protection Bureau (CFPB) since January 20,2021.
Consumer Financial Protection Bureau v. Community Financial Services Association of America,Limited is a pending United States Supreme Court case related to the Consumer Financial Protection Bureau's funding mechanism.
