Articles Tagged with ''Trump Administration''

Fair housing groups go head-to-head with Trump’s budget proposal

Urges Congress to reject proposal
"Housing benefits are under attack," or so says the National Low Income Housing Coalition as it calls on Congress to reject President Donald Trump’s 2019 budget proposal. The NLIHC says the budget slashes federal housing benefits that help millions of low-income seniors, people with disabilities, families with children, low-wage workers, veterans and other vulnerable people afford their homes.
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Mulvaney unveils sweeping plan to dramatically alter CFPB

Mulvaney: We commit to the CFPB’s statutory responsibilities, but will go no further
Over the past few months, Mick Mulvaney has provided smaller indications about how much differently the Consumer Financial Protection Bureau will function under his leadership than it did under the bureau’s former director, Richard Cordray. But Monday, Mulvaney fully revealed his plan to dramatically alter how the CFPB operates.
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CFPB funding slashed, enforcement authority reined in by Trump budget

More changes afoot for agency already in the crosshairs?
On Monday, the White House released its 2019 budget proposal, and for the second time, took dead aim at the CFPB. While the 2018 version proposed cutting the CFPB’s funding and bringing the agency’s funding under the congressional appropriations process to increase oversight, the 2019 version also calls for those measures but also goes much further to reshape the CFPB’s mission altogether.
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Trump reportedly mulling CFPB’s Mulvaney as replacement for Kelly as chief of staff

Would be former congressman’s third different job in Trump administration
Mick Mulvaney wears a couple of different hats in the Trump administration, currently serving as both the acting director of the Consumer Financial Protection Bureau and the director of the Office of Management and Budget. But the former congressman could soon wear an entirely different hat, White House chief of staff.
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Top Hensarling aide named CFPB chief of staff

Kirsten Sutton Mork served as House Financial Services Committee staff director
Earlier this year, the House Financial Services Committee announced that its staff director, Kirsten Sutton Mork, would be leaving the committee staff “in the coming weeks” to become the chief of staff at the Consumer Financial Protection Bureau. Now, it’s official.
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CFPB reportedly pulling back from Equifax data breach investigation

Reuters reports that bureau is not aggressively pursuing investigation
In another signal that Mick Mulvaney’s Consumer Financial Protection Bureau will operate far differently than it did under Richard Cordray, the CFPB is reportedly pulling back from its investigation in the data breach at Equifax, which exposed the personal information of 145.5 million U.S. consumers to hackers.
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Housing industry applauds Trump’s State of the Union address

But will the booming economy solve housing affordability issues?
As expected, the president touched on topics such as recently passed tax reform and the ongoing immigration debate in his State of the Union address Tuesday night. Housing experts applauded the president’s speech, but one pointed out that while Trump’s claimed the economy is booming, low levels of affordability and rising home prices continue to plague the housing market.
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