Items Tagged with 'CFPB'

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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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  • Monday Morning Cup of Coffee: Trump to nominate Kathy Kraninger to lead CFPB

    White House confirms OMB official will be named to lead agency
    On Saturday, the White House confirmed that President Donald Trump will nominate Office of Management and Budget official Kathy Kraninger to lead the Consumer Financial Protection Agency. Plus, Zillow and Trulia are hit with a patent infringement lawsuit and megabanks are set to pay out more than $170 billion to shareholders.
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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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  • Mick Mulvaney: Changing CFPB’s name sends a message

    Changes signs to BCFP at the bureau
    The Consumer Financial Protection Bureau, or should we say Bureau of Consumer Financial Protection, took the next step in its name change by putting up "BCFP" signage at the agency’s headquarters. Acting Director Mick Mulvaney explained this name change is a small but visible way to send a message.
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  • It’s over: CFPB abandons PHH case

    Ends three-year battle
    The three-year battle is now over. The Consumer Financial Protection Bureau moved Thursday to dismiss its case against PHH, a remarkable turnaround that crystallizes the differences between former CFPB Director Richard Cordray and current Acting Director Mick Mulvaney.
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  • Mick Mulvaney guts 3 CFPB advisory boards

    Disbanded the Consumer Advisory Board, two other boards
    CFPB Acting Director Mick Mulvaney rang the death knell for three advisory boards within the CFPB including the Consumer Advisory Board. “The Bureau informed me, along with other Consumer Advisory Board members and members of two other CFPB Advisory Boards, that we were fired,” one member explained.
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  • CFPB resumes collection of private consumer data

    Completes review of cybersecurity defenses
    The CFPB announced it will once again begin collecting private consumer data after completing a review of its cybersecurity defenses. Acting Director Mick Mulvaney announced in an internal memo that, after an exhaustive review by outside experts, including a comprehensive “white-hat hacking” effort, the bureau can lift freeze it instituted back in December to stop collecting consumer data.
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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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  • Former CFPB Director Richard Cordray secures Democratic nomination for Ohio governor

    Trump calls Cordray’s tenure at CFPB a “big failure”
    Former CFPB Director Richard Cordray secured the Democratic nomination for Ohio governor with a sizable victory over former Presidential candidate Dennis Kucinich. Cordray will face off against Mike DeWine, Ohio's attorney general, who has the support of President Donald Trump. In praising DeWine, Trump also called Cordray's tenure at the CFPB a "big failure."
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