Articles Tagged with ''CFPB director''

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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It's official: Senate approves Kathy Kraninger to serve as next CFPB director

Trump's nominee set to take over for Mick Mulvaney
Long the target of Republican ire, the Consumer Financial Protection Bureau will soon be run by the Republican president's handpicked choice. In what amounted to an anticlimactic vote in a nearly empty Senate chamber, the Senate, voting along party lines, voted Thursday to approve Kathy Kraninger as the next director of the CFPB.
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Senate votes to advance Kathy Kraninger as next CFPB director

Kraninger's confirmation nearly complete
Voting along party lines, the Senate voted Thursday to close the debate and move forward with the nomination of Kathy Kraninger to serve as director of the Consumer Financial Protection Bureau. The procedural vote sets up an official confirmation vote, which should occur in the next few days.
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Monday Morning Cup of Coffee: Senate set to vote on Trump’s CFPB nominee

Plus Amazon HQ2 killing affordable housing? And thoughts on "Monopoly for Millennials"
Last week, the biggest groups in housing called on the Senate to bring Kathy Kraninger's nomination to run the CFPB to a vote. And it looks like they're about to get their wish. Plus, did Amazon's HQ2 move kill more than 1,000 units of affordable housing? And, Monopoly for Millennials. Yes, it's real. And it's spectacular.
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Housing industry pushes Senate to confirm Kathy Kraninger as next CFPB director

NAR, MBA, NAHB, NMHC, others throw support behind Trump nominee
Under Mick Mulvaney, the CFPB (or BCFP, depending on who you ask) has taken a much gentler approach toward the financial services industry. That tactic is likely to continue if the Trump administration’s choice as a permanent director, Kathy Kraninger, is ever confirmed by the Senate. And that’s just what the housing industry is now loudly calling for.
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Embattled CFPB Deputy Director Leandra English giving up leadership fight, leaving bureau

Resigning in wake of Trump naming new official director
While there will still likely be a fight from Democrats over President Donald Trump nominating Kathy Kraninger to serve as the next director of the CFPB, the messy battle over who would replace former director Richard Cordray on an interim basis appears to be over. Leandra English, who sued the government after Trump named Mick Mulvaney acting director, is planning to step down from the bureau and give up her fight over the bureau’s leadership.
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Is Kathy Kraninger the CFPB’s next great director?

Or a ploy to keep Mulvaney at the helm?
After hearing the news that President Donald Trump intends to nominate Office of Budget and Management Deputy Kathy Kraninger as the next director of the CFPB, several experts began to roll out the welcome mat or criticize the administration’s choice. Is she the next great director for the agency, or just a ploy to keep Mulvaney at the helm?
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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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