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OMB Director Vought Takes Over as CFPB Acting Director

OMB Director Vought Takes Over as CFPB Acting Director

by Phil Hall | Feb 8, 2025 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) has another new leader with the appointment of Russell Vought, the newly sworn-in director of the White House’s Office of Management and Budget (OMB), taking over the agency as acting director. The Wall Street Journal,...
Hits and Misses for the Real Estate Week of Feb. 3-7

Hits and Misses for the Real Estate Week of Feb. 3-7

by Phil Hall | Feb 7, 2025 | Current News & Events, Hits and Misses, Market Snapshot, Real Estate News, U.S. Housing Market, WRE News Exclusive

New leadership at federal agencies, a possible cause for some of the Los Angeles wildfires, and new HGTV shows that don’t seem very new. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Feb. 3-7. Hit: The Right Man for the...
Report: CFPB General Counsel Stepping Down

Report: CFPB General Counsel Stepping Down

by Phil Hall | Feb 7, 2025 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

Seth Frotman is reportedly stepping down as the general counsel of the Consumer Financial Protection Bureau (CFPB). Frotman’s departure was reported by Bloomberg Law, which based its reporting on input from “multiple sources who spoke on the condition of anonymity...
Trump Names Treasury Secretary Bessent as Acting CFPB Director

Trump Names Treasury Secretary Bessent as Acting CFPB Director

by Phil Hall | Feb 3, 2025 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

President Trump has named Treasury Secretary Scott Bessent as the acting director of the Consumer Financial Protection Bureau (CFPB). Bessent will take the leadership role from Rohit Chopra, the Biden administration’s appointee for the CFPB director who was fired on...
GOP Cheers, Democrats Slam Trump’s Firing of CFPB Director Rohit Chopra

GOP Cheers, Democrats Slam Trump’s Firing of CFPB Director Rohit Chopra

by Phil Hall | Feb 3, 2025 | Current News & Events, Market Snapshot, Real Estate News, WRE News Exclusive

President Trump’s Saturday morning firing of Consumer Financial Protection Bureau (CFPB) Rohit Chopra generated a split reaction, with Republicans welcoming the ouster of the Biden-appointed regulator and Democrats not sharing that enthusiasm. Sen. Tim Scott (R-SC),...
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