Community Financial Services Association of America, the payday lending trade group, filed a lawsuit against the Consumer Financial Protection Bureau to stop a regulation put into place under the Obama administration that it claims will kill the industry. The Washington Post, citing the lawsuit filed in...
Consumer Financial Protection Bureau acting director Mick Mulvaney is using the agency’s structure as an excuse to refuse to answer questions about his leadership. According to American Banker, Mulvaney declined to answer questions Sen. Elizabeth Warren, D-Mass. and other Democrats have posed in previous letters,...
CFPB Acting Director Mick Mulvaney offered up the agency’s first semi-annual report under his tenure. Other than saying the agency is “too powerful” and offering proposals that would boost Congress’ power over the Bureau, through funding and other means, it’s all just business as usual....
The Consumer Financial Protection Bureau (CFPB) introduced a final rule on Thursday (March 8) that it said will help mortgage servicers communicate with borrowers who are facing bankruptcy. In a press release, the government watchdog agency said the final rule gives the mortgage servicers more...
The acting director of the Consumer Financial Protection Bureau (CFPB), Mick Mulvaney, could allow other regulators to be in charge of supervisory matter, in an attempt to prevent duplications within government agencies and to reduce the burden for financial firms when it comes to exams....
The Consumer Financial Protection Bureau (CFPB) is seeking public evidence to ensure that the government watchdog agency is doing everything it can to best protect consumers. In a release, the CFPB said the agency will publish a series of Requests for Information (RFIs) in the...
Mick Mulvaney shot back at Elizabeth Warren after the U.S. Senator has repeatedly criticized his policy changes as the acting director of the Consumer Financial Protection Bureau (CFPB). “We get about one letter a week from her and she asks me why I have done...
The Consumer Financial Protection Bureau (CFPB), under the charge of acting director Mick Mulvaney, will rein in its activities and aim to promote what it is calling a “free market” for financial services, according to Reuters reports. A memo obtained by the news service said...
A group of 31 Democrat and Independent U.S. senators are calling on the Consumer Financial Protection Bureau (CFPB) to provide information as to why the Bureau has halted its inquiry into the Equifax data breach that potentially exposed the personal information of 145.5 million customers....
