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Bankruptcy Archives

Trump puts the financial reform of the Great Recession in his crosshairs

Those who remember the Great Recession of 2008 (quite a hefty economic collapse second only to the Great Depression) will recognize names like the Consumer Financial Protection Bureau, or CFPB, and the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Did we forget so soon the Great Recession? The fate of the Consumer Protection Bureau in 2017

In the face of a coming Trump administration, the New York Times writes that Richard Cordray, director of the Consumer Financial Protection Bureau, "braces for a reckoning" amid Republican lawmakers' calls for a change in leadership structure - or outright elimination of the young federal agency altogether.

What we know about the Wells Fargo scandal

In a September 2016 Senate hearing, Sen. Elizabeth Warren grilled Wells Fargo CEO John Stumpf about the bank's strategy of cross-selling - selling additional products to existing customers, such as mortgages or credit lines - and how this strategy ultimately led to an ongoing investigation and millions in fines levied by the Consumer Financial Protection Board, with more likely to come.

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Rothschild & Ausbrooks, PLLC
1222 16th Avenue South, Suite 12
Nashville, TN 37212

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