Tag Archives: CFPB

Trust Culture and the Effectiveness of Consumer Protection

By | July 15, 2021
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In our recent paper, we study consumer complaints filed with the Consumer Financial Protection Bureau (CFPB), the watchdog agency charged with protecting consumers from financial abuses, and their disciplinary effect on bank behavior. Since its establishment, the role and effectiveness of the agency has been subject to debate—the previous administration tried to dismantle it, while the… Read More »

A TALE OF TWO AGENCIES: THE TRAVAILS OF THE CFPB AND FHFA — CHAPTER 4: THE SUPREME COURT DECISION IN COLLINS v YELLEN (nee MNUCHIN)

By | June 25, 2021
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 In three prior posts (here and here and here) I analyzed two Supreme Court cases that challenged the constitutional legitimacy of the Consumer Financial Protection Bureau (CFPB) and Federal Housing Finance Agency (FHFA). In Seila Law v CFPB[1] the Court held that the agency’s Director is an executive officer of United States and is, accordingly, removable at will by the President. In Collins v Yellen and… Read More »