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Under Old Watchdog Chief: 2 to 4 Enforcements a Month. Now: Zero
No enforcement action in the Consumer Financial Protection Bureau in 135 days and counting
- In the 135 days since the Trump administration took control of the nation's consumer watchdog agency, it hasn't recorded a single enforcement action against banks, credit card companies, debt collectors, or any finance companies whatsoever. That's likely no fluke: Mick Mulvaney, appointed acting director of the Consumer...
Judge Backs Trump in Pick to Run Consumer Agency
But the legal fight might not be over yet for Mick Mulvaney
- The White House just won a legal battle in the bizarre DC drama involving dueling directors at the same federal agency. A federal judge on Tuesday ruled that Mick Mulvaney should be the interim chief of the Consumer Financial Protection Bureau, reports the Hill . Mulvaney, who also serves as the...
2 Memos From 2 Bosses Reveal Chaos at Agency
The CFPB currently has 2 interim directors, and they both showed up for work on Monday
- So how goes life as an employee of the Consumer Financial Protection Bureau on Monday? Two memos cited by the
tell the tale:
From the boss:
“I hope that everyone had a great Thanksgiving. With Thanksgiving in mind, I wanted to take a moment to share my
Federal Agency Has Dueling Directors, and One's Suing
Monday is likely to be a chaotic day at the Consumer Financial Protection Bureau
- Monday is likely to be a chaotic day at the Consumer Financial Protection Bureau: The federal agency now has two dueling directors , and they both say the law is clearly on their side. Leandra English, who was set to become acting director after the early departure of Richard Cordray , filed...
Head of Consumer Agency Reviled by Republicans Is Leaving
Richard Cordray to resign, giving Trump chance to reshape CFPB
- Richard Cordray, the first director of the Consumer Financial Protection Bureau, said Wednesday he will leave the position by the end of the month. The resignation of Cordray, who was appointed by then-President Obama, will give President Trump a chance to appoint his own director of the powerful agency established...
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