Articles Tagged with ''CFPB director''

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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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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