Articles Tagged with ''Mick Mulvaney''

CFPB moves to further ease enforcement on financial services industry

Releases new rules on “no-action letters” and proposes “product sandbox”
In the last few days of his leadership at the Consumer Financial Protection Bureau, Mick Mulvaney moved to further ease the bureau’s enforcement of the industries that it oversees. Additionally, the CFPB proposal would create a “Product Sandbox,” which would allow and encourage companies to create and test new products and services under safe harbor provisions from the bureau itself.
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CFPB requests investigation into Trump appointee’s controversial blog posts

Consumer groups call for resignation of Eric Blankenstein after racially insensitive comments emerge from his past
Eric Blankenstein says he regrets the racially charged comments he blogged in his 20s, but that’s not enough to satisfy his bosses at the Consumer Financial Protection Bureau. CFPB Acting Director Mick Mulvaney has asked an independent government watchdog to review the situation as a response to numerous calls for Blankenstein’s removal from his post as policy director.
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Bloomberg: There's never been a president this unpopular with an economy this good

Donald Trump's popularity numbers are in the dumps despite a strong economy
According to an analysis by Alexandre Tanzi and Rich Miller at Bloomberg, no president has ever been this unpopular when the economy has been this good. Typically, a strong economy bodes well for the party in control at the time, but Republicans are having to fight to suppress displeasure with Trump and play up the great economy to voters as the midterms loom large.
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CFPB student loan ombudsman resigns, rebukes Mulvaney's anti-consumer efforts

NPR reports that Seth Frotman resigns in protest of bureau’s direction
In a scathing letter addressed to Acting Director Mick Mulvaney, Seth Frotman resigned from his position as assistant director and student loan ombudsman at the Consumer Financial Protection Bureau on Monday, accusing the agency of turning its back on young people and their financial futures.
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Mulvaney’s shot at new White House position falls through

Chief of Staff John Kelly announces plans to stay until 2020
CFPB Acting Director Mick Mulvaney was rumored to be in the running to become President Donald Trump’s next chief of staff, however, that job may have just fallen through the cracks. As it turns out, current Chief of Staff John Kelly announced he will be sticking around until 2020.
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