Tag Archives: Russell Vought

Outside lawyers, WSJ editorial board urge Trump not to fire Powell

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Trump administration would probably lose court battle, lawyers reportedly advise White House, and markets would react badly, “The Wall Street Journal” warns. Continue reading →

Fed rebuts accusations that Powell mismanaged $2.5B renovation

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Central bank refutes allegations by Trump administration officials that headquarters renovation project has been mismanaged and that Powell lied to Congress about its specifics. Continue reading →

Trump official: Fed chair to answer for ‘ostentatious’ renovations

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OMB Director Russell Vought put accusations that Fed Chair Jerome Powell lied to Congress about a $2.5 billion renovation of the Fed’s headquarters in writing Thursday. Continue reading →

Government regulator lets BofA mortgage off the hook 3 years early

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The 2023 order, aimed at ensuring the collection of information about applicants’ race, ethnicity and gender, wasn’t scheduled to be lifted until 2028. Regulators say the bank has fulfilled its obligations. Continue reading →

Court denies CFPB’s request to vacate fair lending settlement

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Judge declines to reopen case and vacate settlement with Chicago mortgage broker Townstone Financial, calling the request “a Pandora’s box the court refuses to open.” Continue reading →

CFPB enforcement chief resigns, saying mission ‘under attack’

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The Trump administration is seeking to cut 90 percent of the CFPB’s workforce, and has dismissesd about 20 active enforcement cases and moved to vacate or weaken several finalized settlements. Continue reading →

CFPB rescinds dozens of policies as court battle over its fate rages on

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A hearing on an order barring the Trump administration’s move to fire all but 200 of the CFPB’s 1,700 employees is set for Friday, with Democrats calling it an attempt to dismantle the bureau. Continue reading →

CFPB cites DEI in push to kill $105k settlement with mortgage broker

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Acting director Russell Vought claims bureau “abused its power” in redlining case against Townstone Financial that dragged on for four years, to “further the goal of mandating DEI in lending.” Continue reading →

NAR, Mortgage Bankers Association back CFPB nominee

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The National Association of Realtors and several other housing groups urged Congress to confirm Consumer Financial Protection Bureau nominee Jonathan McKernan, noting he has a “wealth of experience” to lead the financial watchdog. Continue reading →

Trump nominates Jonathan McKernan as director of CFPB

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President Donald Trump has nominated Jonathan McKernan as the new director of the Consumer Financial Protection Bureau (CFPB), a major move in the administration’s broader government restructuring. McKernan’s nomination has been sent to the Senate for … Continue reading →