Items Tagged with 'President Donald Trump'

ARTICLES

  • 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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  • 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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  • HUD to consider eliminating manufactured housing regulations

    Launches comprehensive review of manufactured housing rules
    The Trump administration’s deregulatory efforts have officially come to the Department of Housing and Urban Development. HUD announced on Thursday that it is launching a “wholesale review” of its manufactured housing rules as part of a “broader effort to identify regulations that may be ineffective, overly burdensome, or excessively costly given the critical need for affordable housing.”
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  • Court of Appeals agrees to quickly review legal battle over CFPB leadership

    Grants Leandra English’s request for expedited review
    After a series of legal defeats in the battle over who’s really in charge of the Consumer Financial Protection Bureau, Leandra English finally received a bit of good news this week when the D.C. Court of Appeals agreed to her request for an expedited review of her fight to be placed in charge of the CFPB.
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  • Federal judge again backs Trump, Mulvaney in fight to lead CFPB

    Leandra English’s bid to be acting director foiled for the second time
    It appears that Mick Mulvaney’s time as acting director of the Consumer Financial Protection Bureau is nowhere close to being done, as, for the second time in two months, a federal judge ruled that President Donald Trump has the authority to name the acting director of the CFPB.
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  • Trump: CFPB not dropping penalties against Wells Fargo, bank will be fined for mortgage issues

    Responds to Reuters report on Mulvaney pausing regulatory action
    In addition to all the issues Wells Fargo faced over the last year, the bank said back in October that it planned to refund more than 100,000 borrowers who were improperly charged for rate lock extensions from Sept. 16, 2013, through Feb. 28, 2017. As it turns out, the CFPB was also looking into the issue and apparently planned to fine the bank for the improper rate lock fees, until Mick Mulvaney took over as acting director – or so it appeared.
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  • New York federal credit union sues Trump to block Mulvaney at CFPB

    Lawsuit claims installation of OMB Director at CFPB is “illegal”
    When Richard Cordray officially resigned as director of the CFPB last month, the agency was thrown into disarray after a fight emerged over who would replace Cordray, with Democrats on one side and Republicans on the other. Now, Democrats have what may seem like an unlikely ally in their fight over who's leading the CFPB – a financial institution that is regulated by the CFPB.
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  • Trump picks Hensarling aide to help Mulvaney lead CFPB

    Taps Brian Johnson to serve as senior advisor to acting director
    While Democrats vow that they’re not ready to hand the leadership of the Consumer Financial Protection Bureau over to Mick Mulvaney without a fight, the Trump administration is moving forward with helping Mulvaney staff up in his new position.
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