News about Office of the Comptroller of the Currency

Office of the Comptroller of the Currency

400 7th Street Southwest, Washington, DC 20024

U.S. Senate, in late-night narrow vote, rolls back CFPB’s anti-arbitration rule

By Jessica Karmasek | Wednesday, Oct 25, 2017 @ 12:46pm

A resolution of disapproval, striking down the Consumer Financial Protection Bureau’s new anti-arbitration rule, passed 51-50 Tuesday, with Vice President Mike Pence casting the tie-breaking “yes” vote. Only one Republican voted against the resolution.
'Secret analysis' pushing CFPB's lawyer-friendly rule, U.S. senators told

By John O'Brien | Friday, Oct 20, 2017 @ 9:30am

WASHINGTON (Legal Newsline) - A federal agency is keeping its research secret as it forces a controversial rule that will harm consumers and businesses alike, a fellow regulator is telling members of a U.S. Senate committee.