Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau (CFPB), said that the agency will likely shut down its public complaint database. As The New York Times explained, the database has been in effect since 2011, with the bureau keeping a searchable record...
Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau, urged executives in the banking industry to put pressure on lawmakers if they want to see their agendas realized, even saying as a lawmaker he would meet only with lobbyists that had contributed to...
Seeking to inject more transparency into the Consumer Financial Protection Bureau (CFPB), Rep. Sean Duffy, R-Wis., has introduced legislation designed to do just that. American Banker reported that Duffy, along with co-sponsor Rep. Ed Perlmutter, D-Colo., introduced legislation that would require the CFPB director, currently Mick Mulvaney,...
Aiming to fill the void resulting from the Consumer Financial Protection Bureau’s retreat from regulation, states are stepping up and going after big financial companies. According to a report in the Financial Times, more than a dozen attorneys general in states around the country in...
Senators voted on Wednesday (April 18) to remove a 2013 piece of consumer protection legislation that was designed to stop discrimination in the auto lending market. By a vote of 51 to 47, Senators have officially unmade the CFPB guidance of a latter year, on the...
The Senate is set to vote to rescind the Consumer Financial Protection Bureau’s rule on auto lending as early as this coming Tuesday. The rules were created to protect drivers who use indirect auto loans financed through a dealership, which are backed by banks. In...
Consumer groups are speaking out against a Senate measure that would overturn the Consumer Financial Protection Bureau’s auto lending regulation. According to American Banker, the Senate is expected to vote this week on legislation that would use the Congressional Review Act to repeal the CFPB’s...
In his first semiannual report to Congress, Mick Mulvaney said he is taking a narrow approach to running the Consumer Financial Protection Bureau (CFPB). Mulvaney, who is temporarily running the agency, is also the White House budget chief, Bloomberg reported. “Our job is to enforce...
The U.S. Senate Banking Committee is planning to repeal the Consumer Financial Protection Bureau’s (CFPB) indirect auto lending and leveraged lending rules. The rules were created to protect drivers who use indirect auto loans financed through a dealership, which are backed by banks. In March...
