Evan Weinberger

CFPB Looks to Shift Lawyers to Jobs Finalizing Trump-Era Rules The Consumer Financial Protection Bureau, having lost roughly half its lawyers during President Donald Trump’s second term, is trying to reshuffle the remaining ones to finalize rules on open banking ...

What happens when you shift from trying to destroy a government agency, lose around half of your lawyers, and then undertake an ambitious rulemaking agenda?

You scramble to get the remaining lawyers to switch jobs. New from me:

news.bloomberglaw.com/banking-law/...

Harsh would be throwing them out the plane door immediately. This seems completely appropriate.

I really hope he has a hat.

Anyway, if you're going to this event, Signal is in the bio!

Agenda The IPA Innovative Payments Conference is an inclusive opportunity for all current and future IPA members in the payments industry to engage in exceptional formal and informal learning experiences...

To date, Russ Vought has yet to make a public appearance with his acting CFPB director hat on. That changes on April 30, when he's supposed to speak at the Innovative Payments Conference in DC.

It's closed to the press, apparently. Transparency!

www.ipa.org/ipcagenda.html

Brutal!

We're getting the band back together!

iop.harvard.edu/events/study...

OCC’s Bank Threshold Change Puts System at Risk, Critics Warn A federal banking regulator’s proposal to subject only a handful of the largest national lenders to enhanced supervisory standards is an overreaction that puts the entire banking system at risk, oppon...

And if you're a national bank with less than $700 billion in assets, your supervision is probably going to get a lot easier.

news.bloomberglaw.com/banking-law/...

OCC Cancels Collective Bargaining Agreement in Trump Union Push The Office of the Comptroller of the Currency told employees that it is canceling the agency’s collective bargaining agreement, according to an internal email obtained by Bloomberg Law.

If you're an OCC employee and a member of the National Treasury Employees Union, your collective bargaining agreement is definitely going away (unless a court saves it):

news.bloomberglaw.com/banking-law/...

OCC Joins Fed Push to Trim Supervisory Red Flags Issued to Banks The federal regulator overseeing national banks is reviewing confidential warnings it sent to lenders over operational deficiencies to ensure they align with the Trump administration’s focus on “mater...

I've had a trio of stories on goings on at the Office of the Comptroller of the Currency in the last day. Here's the latest:

If you're a national bank and you have an outstanding MRA, there's a pretty good chance it's going away:

news.bloomberglaw.com/banking-law/...

I know there are much bigger things going on, but why would you watch one of these Godzilla movies when Godzilla Minus One or Shin Godzilla already exist?

Antonin Scalia School of Law renamed due to awkward acronym George Mason University's law school would have had a less than prestigious abbreviation

And if you think I'm misremembering this, check this out: www.cbsnews.com/news/antonin...

Just a reminder that the original name of this law school (back in 2016) was the Antonin Scalia School of Law, and then it was quickly changed to the Antonin Scalia Law School.

Take a quick look and see if you can guess why they made the change.

They better get that last season of Hacks out fast, because I'm not paying for yet another streaming service.

From today's Senate Banking Committee hearing, Sen. Van Hollen asks Comptroller of the Currency Gould about the World Liberty trust charter application:

Gould: If you're suggesting the president would do anything inappropriate or illegal, then I reject that.

CVH: Oh I am suggesting that.

It was a great ending.

Yeah, but once it's public, it's public. So we can start the proxy fight.

Ignore the likelihood of Dolan opting for some sort of dual-share arrangement that gives him super voting powers, please.

All draft picks would have to be approved by shareholders.

Hold my calls!

We can launch a proxy fight to get Chris Drury fired.

I read it and...it seems like CEA wants to bring back pre-financial crisis mortgage lending? That can't be right, can it?

I genuinely don't understand it. Are they saying the qualified mortgage rule is raising costs on auto loans?

So $15 million...

When I did some reporting on the $4.7 million the CFPB coughed up for Vought's security to cover basically six months, professionals who oversaw details protecting former top US government officials said that was a staggering amount. Didn't say it was necessarily unwarranted, but that it was a lot.

Exclusive: White House uses USAID funds for budget director Vought's security, documents show The White House budget office is using millions of dollars from the former U.S. foreign aid agency to pay for the security detail of Russell Vought, President Donald Trump's budget chief and an archit...

I was checking around the CFPB a few weeks ago to see if the agency was still funding Vought's security. The folks I spoke with said it appeared that was no longer the case.

And there you go.

www.reuters.com/world/us/whi...

Federal Reserve to Drop Some Prior Demands on Banks to Fix Flaws The Federal Reserve has signaled to lenders it plans to abandon some of the confidential warnings it previously sent them to improve operations as Vice Chair Michelle Bowman continues to relax the cen...

The Fed is reviewing all outstanding supervisory concerns raised with the banks it oversees to ensure they conform with the Trump administration's focus on material financial risk in a win for Wall Street.

New from Katanga Johnson, Hannah Levitt, and me.

news.bloomberglaw.com/banking-law/...

No. He withdrew after this story and they nominated a career official.

Banks Lose Challenge to Illinois Ban on Tax, Tip Swipe Fees (1) An Illinois law barring card swipe fees on retail taxes and tips can take effect after a federal judge denied banks’ bid to block the legislation.

A federal judge in Illinois allow the state's ban on swipe fees on taxes and tips to move forward, adding a new chapter to the never-ending interchange fee wars. news.bloomberglaw.com/banking-law/...

CFPB Makes Industry-Friendly Changes to Complaint Database The Consumer Financial Protection Bureau is forcing people looking to file complaints about financial products or services to wade through industry-backed disclosures before doing so, a move that cons...

In late January, a credit reporting trade group said the CFPB should make changes to its complaint database that will decrease the number of complaints filed. On Wednesday, the CFPB did just that (IN ALL CAPS).

news.bloomberglaw.com/banking-law/...