Articles Tagged with ''Mick Mulvaney''

Monday Morning Cup of Coffee: Gloves come off in Warren vs. Mulvaney

CFPB architect accuses acting director of being evasive and misleading about agency
The battle between Sen. Elizabeth Warren, D-Mass., and CFPB Acting Director Mick Mulvaney just hit a whole other level. Warren, the architect of the CFPB, accused Mulvaney of ignoring or providing “evasive, misleading, or incomplete answers” to more than 100 questions asked of him by Democrats about the CFPB's activities. But Warren’s letter isn’t just tough talk. As the kids say, she’s got receipts.
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Former payday lender CEO requests to lead CFPB

But it’s a joke… right?
The former CEO of a payday lender sent in an email with her application to be the next director of the Consumer Financial Protection Bureau. And while the former CEO of a payday lender may seem like the least qualified fit to lead the CFPB, the situation gets worse.
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113 congressional Republicans declare support for Mick Mulvaney as CFPB director

File amicus brief in legal battle over bureau’s interim director
Late last week, a group of 113 congressional Republicans declared their support for President Donald Trump’s authority to name Mick Mulvaney as the interim director of the Consumer Financial Protection Bureau. The Republicans argue that Leandra English's assertion that she should be leading the CFPB has no merit.
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CFPB invites comments on “usefulness” of consumer complaint database, reports

Latest in string of requests for information from agency in upheaval
The CFPB’s consumer complaint database and the reports derived from it have long been a source of consternation for the financial services industry, ever since the bureau decided to make those complaints public over the objections of many industry observers. But there’s a new boss at the CFPB now, and he ain’t the same as the old boss.
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Democrats call out Mulvaney’s reported changes to CFPB fair lending enforcement

53 Democrats, including Warren, Waters, Brown, Menendez, want answers
A group of more than 50 Congressional Democrats are questioning the motivation of Consumer Financial Protection Bureau Acting Director Mick Mulvaney’s reported decision to strip the agency’s Office of Fair Lending and Equal Opportunity of its enforcement powers. The Democrats want to know what exactly Mulvaney is planning to do when it comes to fair lending.
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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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Monday Morning Cup of Coffee: Equifax breach might have been worse than anyone thought

And CFPB taking a back seat on enforcement
A new revelation shows Equifax’s data breach, which occurred last year and affected about 145.5 million consumers, may have been worse than anyone thought. And CFPB Acting Director Mick Mulvaney announced the agency is enforcing the law but not being aggressive under his leadership.
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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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