Items Tagged with 'Office of Management and Budget'


  • 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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  • OMB Director Mulvaney calls for canceling NFIP's $16 billion debt

    Tells Trump: "The program must also be reformed"
    The strength of the National Flood Insurance Program was put to the test after the devastating destruction from Hurricane Harvey, Irma and Maria, and unfortunately, it failed to hold up. In a letter to the president, Office of Management and Budget Director Mick Mulvaney addressed how the program requires immediate financial relief and future reform.
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  • President Trump taps Russ Vought to be OMB deputy director

    To serve directly under leadership of Mick Mulvaney
    President Donald Trump tapped Russ Vought to serve as deputy director of the Office of Management and Budget, where he will serve under Director Mick Mulvaney. The two will be tasked with reducing regulation, controlling regulatory costs and more, so expect to see their names pop up a lot more in housing finance news.
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  • New bill threatens CFPB's freedom as independent agency

    Forces independent agencies to report to Office of Information and Regulatory Affairs
    The Consumer Financial Protection Bureau’s freedom as an independent agency to enact regulation could soon change due to a new bill working its way through Congress. This bill, "OIRA Insight, Reform, and Accountability Act," has already made its way through the House and has moved onto the Senate Committee on Homeland Security and Governmental Affairs. Will the industry finally get the regulatory relief it's been asking for if the bill passes?
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  • Trump nominates Mick Mulvaney for director of the Office of Management and Budget

    Appointment could create hurdles for CFPB regulations
    Rep. Mick Mulvaney, R-S.C., is one of the latest nominations to come out of Trump’s team. The president-elect selected Mulvaney for director of the Office of Management and Budget. While not much is known about him right now, what we do know so far could change the way the CFPB deals with regulations.
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  • Can you guess the financial weight of Fannie and Freddie?

    Bipartisan Policy Center: No, and here's why
    A huge portion of the nation’s budget is impacted by housing, which includes what goes on with Fannie Mae and Freddie Mac. Housing experts discussed what the federal government’s conservatorship of the government-sponsored enterprises could mean for the budget.
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  • ACORN Fights Funding Ban with Lawsuit

    Embattled community group ACORN is fighting a Congressional move to block the organization from receiving federal funding with a lawsuit filed in US District Court against the United States. The Center for Constitutional Rights filed the suit on behalf of ACORN — the Association of Community Organizers for Reform Now — and two of its affiliate groups. Other defendants include Treasury secretary Timothy Geithner and Office of Management and Budget director Peter Orszag.
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