Articles Tagged with ''CFPB director''

Trump expected to name permanent CFPB director next week

Here are the top candidates
For the past six months, Consumer Financial Protection Bureau Acting Director Mick Mulvaney has stood at the helm of the bureau, but now that’s about to change. Mulvaney recently explained he was informed by the administration that it plans to nominate a permanent director next week.
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Top Democrats accuse CFPB’s Mulvaney of violating election law

Claim Mulvaney used official speech to solicit donations in exchange for influence
For the second time in the last eight months, the director of the CFPB stands accused of violating federal election law. Last time, it was former CFPB Director Richard Cordray under the election law microscope. The Office of Special Counsel eventually cleared Cordray of any election malfeasance, but now, it’s Cordray’s replacement who could be facing a Hatch Act investigation.
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Mick Mulvaney and the long, slow death of the CFPB

Long live the BCFP?
[Commentary] The Consumer Financial Protection Bureau is dead. Did you know that? No, the agency that everyone in the financial services industry loves to hate isn’t totally gone, at least not yet… but the CFPB as you knew it is dead. The bureau’s cause of death? Mick Mulvaney.
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CFPB reportedly seeking $1 billion fine against Wells Fargo

Reuters reports fine would cover mortgage lending and auto insurance issues
Late last year, reports began to emerge that the CFPB was considering fining Wells Fargo for mortgage lending abuses and other issues. At the time, the potential fine was thought to be less than the $100 million fine levied against Wells Fargo by the CFPB for the bank’s fake account scandal in 2016. But it looks like Wells Fargo could be facing a much larger fine after all, one with a few more zeroes tacked onto it.
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Mulvaney asks Congress to dramatically reduce CFPB’s independence

Wants agency funded through Congress, new rules approved by Congress
Mick Mulvaney continued his push to substantially alter the operations of a federal agency that he once called a “sick, sad joke” by asking Congress on Monday to significantly increase its oversight of the Consumer Financial Protection Bureau. In his first report to Congress as CFPB acting director, Mulvaney asked Congress to enact four major reforms that would considerably cut the CFPB’s independence.
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Bipartisan push begins in Congress to change CFPB leadership to commission

Not the first time for such an effort
While some congressional Democrats and Republicans are fighting over who’s supposed to be serving as the director of the Consumer Financial Protection Bureau right now, a handful of their colleagues want to do away with the bureau’s single director structure altogether and replace it with a bipartisan commission.
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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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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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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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