Vindicated by Supreme Court, CFPB director says bureau will add staff, consider new rules on banks

NEW YORK — Since its creation roughly 14 years ago, the Consumer Financial Protection Bureau has faced lawsuits and political and legal challenges to the idea of whether the Federal Government's aggressive consumer financial watchdog agency should be allowed exist at all.to the bureau's authority, ruling 7-2 that the CFPB could in fact draw its budget from the Federal Reserve instead of the annual Congressional appropriations process.

Chopra and other senior CFPB officials said they plan to beef up the size of bureau's law enforcement office likely to a staff of 275. The bureau plans to address other matters like pawn shops, medical billing, credit reporting and financial data issues through its rule-making authorities as well. The bureau's law enforcement work is one of the most significant parts of the CFPB's operations. Since its creation, the bureau has returned more than $20 billion to consumers and has fined banks billions of dollars for wrongdoing. Because of this, the case had also stifled the ability for the CFPB to do its job, bureau officials told reporters. Several companies would not respond to investigative demands from the CFPB, citing the pending Supreme Court case.

"A decision ... would have invalidated the Bureau's previous rules could have had severe consequences for single-family and multifamily mortgage markets.”The Associated Press caught a glimpse of the event on Friday, which saw Donald and Melania Trump sitting front row in the audienceMary Trump Thinks She Knows Exactly Why Ivanka And Don Jr. Haven't Turned Up In Court

Jakub Porzycki/NurPhoto via Getty ImagesJust hours after Donald Trump and Joe Biden agreed to debate each other on CNN in June, the cable news network announced that the debate will be moderated by its anchors Jake Tapper and Dana Bash. The debate will take place in Atlanta at 9 p.m. on June 27, and will air live on CNN. It will be the first of at least two agreed upon presidential debates, with the second slated to be hosted by ABC on Sept. 10.

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