CFPB employees fired; Global Payments pushes patience; Fed approves ownership change
American Banker
In-depth analysis, perspective and commentary on key issues affecting the banking industry.
Trump officials fire dozens of Chopra's hires at CFPB: On Wednesday night, the Trump administration fired dozens of employees at the Consumer Financial Protection Bureau, according to an email obtained by American Banker. Most of the workers targeted had been hired by former CFPB Director Rohit Chopra.
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What direction will McKernan take leading the CFPB? The Trump administration's nominee to lead the Consumer Financial Protection Bureau,?Jonathan McKernan, is seen as an institutionalist with a deep knowledge of policy. But whether he keeps the bureau shuttered or rebuilds it is uncertain.
Global Payments pushes patience for its restructuring: CEO Cameron Bready told analysts that the company's changes in management structure, product reorganization and strategic retrenchments will show up in earnings later in 2025.
Fed puts stamp of approval on Texas holding company's ownership change: An order permitting CSBH LLC in Powhattan, Virginia, to acquire a controlling stake in Industry Bancshares promises to give the Texas company a fresh start in one of the country's most attractive banking markets.
More Americans fell behind on their car loans in Q4: Serious delinquencies on auto loans rose to almost 3% in the fourth quarter of 2024, according to the New York Fed. Researchers blame the affordability problem on soaring car prices.
Commercial Real Estate Lending Consultant
1 周The strategy of this administration seems to be Fire, Ready, Aim.
A sad day for consumer protections.
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