Items Tagged with 'Mick Mulvaney'

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  • Mick Mulvaney doubles down on minimalist practices at CFPB

    NAR supports deregulation, and Mulvaney wants to solve student debt with education
    CFPB Acting Director Mick Mulvaney doubled down on his mission to revamp the CFPB direction, telling a group of Realtors this week about his plans for the bureau. Mulvaney reiterated his mission to rescind regulation by enforcement, restructure the CFPB, and “get back to basics,” according to a review of the conference, which was hosted by the National Association of Realtors.
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  • CFPB to dramatically reorganize operational structure

    Plans to create new offices and close existing ones
    Consumer Financial Protection Bureau Acting Director Mick Mulvaney announced in an email to staff that he plans to reorganize the bureau’s operational structure. And while the CFPB denies the changes represent any practical or even functional change, critics say the restructuring sends a clear message that political appointees are infiltrating the agency with an ideology that will put consumers last.
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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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  • Acting Director Mulvaney setting up for big moves at CFPB?

    Announces new chief communications officer
    Consumer Financial Protection Bureau Acting Director Mick Mulvaney announced his latest change – a new chief communications officer for the bureau and may be tipping his hand at bigger plans to come. Here’s more on his latest promotion, and on what it means for the agency.
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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 considers ending public access to bank complaints

    “I don’t see anything in here that says I have to run a Yelp for financial services sponsored by the federal government," Mulvaney says
    A new report from the Wall Street Journal says the Consumer Financial Protection Bureau is considering ending the public's access to its complaints database for financial companies. “I don’t see anything in here that says I have to run a Yelp for financial services sponsored by the federal government,” Mulvaney told an audience at the American Bankers Association's conference while holding up a copy of the Dodd-Frank Act.
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  • Is the CFPB considering a name change?

    And what else is changing at the bureau
    During his formal correspondence, Consumer Financial Protection Bureau Acting Director Mick Mulvaney has begun calling the agency the Bureau of Consumer Financial Protection. Is this the first sign of a name-change in the near future?
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  • Mulvaney’s CFPB yet to initiate enforcement actions

    “We won’t go looking for excuses to bring lawsuits”
    Former Director Richard Cordray left the Consumer Financial Protection Bureau 135 days ago, leaving his place to Acting Director Mick Mulvaney. Since then, the bureau has not issued a single enforcement action. Here's the bureau’s new approach toward keeping the finance industry in line.
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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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