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| May 22, 2018

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Bureau Archives -

L.A. Times suspends Beijing bureau chief while it investigates sexual misconduct allegation

May 16, 2018 |

The Los Angeles Times suspended Beijing Bureau Chief Jonathan Kaiman on Tuesday and has launched an investigation into an allegation of sexual misconduct.

On Monday, former Beijing-based journalist Felicia Sonmez sent a letter to the Foreign Correspondents’ Club of China detailing “problematic…

L.A. Times – Business

Mick Mulvaney gives big pay raises to his hires at Consumer Financial Protection Bureau

April 5, 2018 |

Mick Mulvaney, President Trump’s appointee to oversee the Consumer Financial Protection Bureau, has given big pay raises to the deputies he has hired to help him run the agency, according to salary records.

Mulvaney has hired at least eight political appointees since he took over the bureau in…

L.A. Times – Business

Consumer Financial Protection Bureau appears to shed its aggressive reputation

February 5, 2018 |

The Consumer Financial Protection Bureau last year sued four lenders affiliated with a Northern California Native American tribe, alleging their costly loans violated interest rate caps in more than a dozen states.

The enforcement action came amid a probe into yet another high-interest lender,…

L.A. Times – Business

Mulvaney’s first funding request for the Consumer Financial Protection Bureau: zero

January 18, 2018 |

In his first quarterly funding request as acting director of the Consumer Financial Protection Bureau, Mick Mulvaney is asking for nothing.

“This letter is to inform you that for the Second Quarter of Fiscal Year 2018, the Bureau is requesting $ 0,” he wrote Wednesday to Janet L. Yellen, chair of…

L.A. Times – Business

Mick Mulvaney takes first step toward overhauling Consumer Financial Protection Bureau

January 18, 2018 |

Mick Mulvaney once called the Consumer Financial Protection Bureau a “joke … in a sad, sick kind of way.”

Now, as its acting director, he’s in a position to change it.

On Wednesday, Mulvaney announced he was launching a review of the entire operation of the consumer watchdog agency created in…

L.A. Times – Business

Better Business Bureau Warns About LaVar Ball’s Company

January 8, 2018 |

The father of one of the UCLA students who was arrested and detained for shoplifting in China last year now has his own issues to deal with stateside. TMZ Sports reports the Better Business Bureau has slammed Big Baller Brand, an apparel company launched by LaVar Ball, with an “F,…

Richard Cordray is resigning as Consumer Financial Protection Bureau chief

November 16, 2017 |

The nation’s top consumer financial watchdog will step down this month, sparking concern from advocacy groups — and relief from financial firms — that the federal agency he has led since 2012 will soon be much friendlier to the industry it polices.

Richard Cordray announced his impending resignation…

L.A. Times – Business

Treasury report slams consumer bureau in latest salvo over arbitration rule

October 23, 2017 |

The Treasury Department on Monday issued a report critical of a pending federal rule that would limit the use of forced arbitration by financial firms, calling it flawed and a giveaway to class-action attorneys.

The report is the latest salvo in an ongoing fight over the regulation, opposed by…

L.A. Times – Business

Consumer protection bureau cracks down on payday lenders with tough nationwide regulations

October 5, 2017 |

The nation’s top consumer financial watchdog on Thursday issued tough nationwide regulations on payday and other short-term loans, aiming to prevent lenders from taking advantage of cash-strapped Americans.

The long-awaited rules from the Consumer Financial Protection Bureau — the first broad federal…

L.A. Times – Business

Republican report accuses consumer bureau of going easy on Wells Fargo

September 21, 2017 |

The Consumer Financial Protection Bureau could have fined Wells Fargo & Co. more than $ 10 billion for its illegal sales practices but instead settled for $ 100 million, according to the agency’s internal documents released by congressional Republicans this week.

The CFPB also had evidence that the…

L.A. Times – Business