Column: Trump’s move to kill federal consumer watchdog will protect Big Business but cost consumers billions
1 month, 2 weeks ago

Column: Trump’s move to kill federal consumer watchdog will protect Big Business but cost consumers billions

LA Times  

CFPB unplugged: The home page of the Consumer Finance Protection Bureau is offline, following the arrival of Trump acolytes determined to kill the bureau outright. — Dennis Kelleher, Better Markets “I am the acting director of the CFPB,”he said, “something that’s apparently keeping Elizabeth Warren up late at night, which doesn’t bother me at all.” Mulvaney isn’t part of the current Trump administration, but his successors as the Trump-appointed overseer of the CFPB have taken his approach much further. In defending its shutdown, the White House issued a release Monday headlined, “CFPB Isn’t a Wall Street Regulator, It’s a Main Street Regulator.” Most people might regard that as a compliment rather than a criticism. Rather, they’ve ginned up accusations that the bureau had used legal settlements to accumulate a “slush fund” — meaning its Civil Penalty Fund — to “provide unaccountable funding to leftist nonprofits.” That language comes from the Project 2025 chapter on the CFPB. Business Column: CFPB acting Director Mick Mulvaney seems to think his job includes taking potshots at Elizabeth Warren “I am the acting director of the CFPB,” Mick Mulvaney told a group of bankers Tuesday, “something that’s apparently keeping Elizabeth Warren up late at night, which doesn’t bother me at all.” Compensation has been paid to residents of every state, according to CFPB data on disbursements through the end of October, ranging from $6 million paid to residents of North Dakota and Wyoming, to $317 million paid to residents of Texas.

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History of this topic

Cutting the consumer watchdog keeps billions from Americans
5 days, 11 hours ago

Cutting the consumer watchdog keeps billions from Americans

Salon  

Every year, Americans lose billions to unfair financial practices. That’s likely one reason it's so popular across the political spectrum: A survey from the nonpartisan Center for Responsible Lending and Americans for Financial Reform shows that over 80% of voters strongly or somewhat favor the CFPB’s mission, including 77% of Republicans. We need your help to stay independent Subscribe today …

Consumer Financial Protection Bureau won't be deleted, Trump administration says
1 month ago

Consumer Financial Protection Bureau won't be deleted, Trump administration says

Salon  

The Consumer Financial Protection Bureau, a longtime target of the Republican Party that has undergone a significant shakeup in recent weeks, will continue operating, the Trump administration says. Related Overdraft fees to be limited under new rule “The predicate to running a ‘more streamlined and efficient bureau’ is that there will continue to be a CFPB,” Vought said in the …

Why the Project 2025 guy is suddenly advocating for a fintech accused of deceiving customers
1 month ago

Why the Project 2025 guy is suddenly advocating for a fintech accused of deceiving customers

CNN  

New York CNN — It’s taken just a few weeks in office, but the Trump administration’s apparent vision for economic populism is coming into focus: a blueprint for mass layoffs, creeping inflation, and a dissolution of consumer safeguards reviled by many wealthy Republican donors and politicians. Last year, the CFPB sued SoLo, accusing the LA-based fintech company of deceiving borrowers …

Consumer watchdog agency called ‘vicious’ by Trump seen as a ‘hero’ to many it aided
1 month, 1 week ago

Consumer watchdog agency called ‘vicious’ by Trump seen as a ‘hero’ to many it aided

LA Times  

To President Trump, it’s a hotbed of “waste, fraud and abuse” whose only purpose is to “destroy people” and whose staff amounts to a “vicious group.” To Jonathon Booth, it’s simply the agency that helped him get $17 back. “If there’s no one watching, if the risk of getting caught goes down, more companies will bend the law to make …

Consumer watchdog agency called ‘vicious’ by Trump seen as a ‘hero’ to many it aided
1 month, 1 week ago

Consumer watchdog agency called ‘vicious’ by Trump seen as a ‘hero’ to many it aided

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. “This is the core of consumer protection – …

Consumer watchdog agency called ‘vicious’ by Trump seen as a ‘hero’ to many it aided
1 month, 1 week ago

Consumer watchdog agency called ‘vicious’ by Trump seen as a ‘hero’ to many it aided

Associated Press  

NEW YORK — To President Donald Trump, it’s a hotbed of “waste, fraud and abuse” whose only purpose is to “destroy people” and whose staff amounts to a “vicious group.” To Jonathon Booth, it’s simply the agency that helped him get $17 back. “This is the core of consumer protection – someone willing to help with stuff that’s small enough …

White House Tip Line Tells Banks To Snitch On Financial Regulators Doing Their Jobs
1 month, 2 weeks ago

White House Tip Line Tells Banks To Snitch On Financial Regulators Doing Their Jobs

Huff Post  

LOADING ERROR LOADING The Trump administration has debuted a “tip line” for financial institutions and the public to report financial regulators who are still doing their jobs despite a White House “stand down” order. And in recent days, they’ve been repeatedly ordered to stop doing their work ― first by Treasury Secretary Scott Bessent, who was named CFPB’s acting director …

What does having the Consumer Financial Protection Bureau on hold mean for consumers?
1 month, 2 weeks ago

What does having the Consumer Financial Protection Bureau on hold mean for consumers?

LA Times  

People attend a protest in support of the Consumer Financial Protection Bureau, Monday, Feb. 10, 2025, at the CFPB headquarters in Washington. The Consumer Financial Protection Bureau, which Congress established to monitor credit card companies, mortgage providers, debt collectors and other segments of the consumer finance industry, is the latest U.S. government agency to have its work halted by the …

How Elon Musk could benefit from destroying the Consumer Financial Protection Bureau
1 month, 2 weeks ago

How Elon Musk could benefit from destroying the Consumer Financial Protection Bureau

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Elon Musk is working to gut the Consumer Financial Protection …

Dismantling watchdog leaves consumers in a limbo
1 month, 2 weeks ago

Dismantling watchdog leaves consumers in a limbo

China Daily  

US Senator Elizabeth Warren, Democrat from Massachusetts, attends a protest rally against Donald Trump administration's anticipated plan to close the Consumer Financial Protection Bureau in front of the bureau's headquarters in Washington, DC, on Monday. SAUL LOEB/AFP WASHINGTON — The Donald Trump administration's rapid dismantling of the US consumer protection watchdog will have broad implications for consumers with credit cards, …

Secrecy preceded the shutdown of the consumer protection agency’s Washington headquarters
1 month, 2 weeks ago

Secrecy preceded the shutdown of the consumer protection agency’s Washington headquarters

Associated Press  

▶ Follow live updates on President Donald Trump and his new administration. Trump defended his administration’s broadside against the Consumer Financial Protection Bureau, or CFPB, saying it was “set up to destroy people.” “We did the right thing,” he told reporters in the Oval Office on Monday. He also responded to accusations that he’s improperly accessed sensitive information through government …

The Trump administration has stopped work at the CFPB. Here's what the agency does
1 month, 2 weeks ago

The Trump administration has stopped work at the CFPB. Here's what the agency does

NPR  

The Trump administration has stopped work at the CFPB. Here's what the agency does toggle caption Anna Moneymaker/Getty Images North America The main U.S. agency tasked with overseeing the financial products and services used by everyday Americans — from credit cards to checking accounts to home loans — is the latest target of the Trump administration's effort to remake the …

Podcast: What is the Consumer Financial Protection Bureau? : The NPR Politics Podcast : NPR
1 month, 2 weeks ago

Podcast: What is the Consumer Financial Protection Bureau? : The NPR Politics Podcast : NPR

NPR  

Trump's latest target: the Consumer Financial Protection Bureau Enlarge this image toggle caption Jose Luis Magana/AP Jose Luis Magana/AP The government agency formed in the wake of the Great Recession acts to regulate financial products, like credit cards & mortgages. But, conservatives have never liked the CFPB, and its new acting director — appointed by President Trump over the weekend …

"This is code red": Trump's Project 2025 agenda comes for the Consumer Financial Protection Bureau
1 month, 2 weeks ago

"This is code red": Trump's Project 2025 agenda comes for the Consumer Financial Protection Bureau

Salon  

The Trump administration is trying to kill off another independent federal agency in apparent disregard of the law. In an email sent Monday, Russell Vought, the architect of Project 2025 who was recently confirmed as head of the Office of Management and Budget, instructed employees of the Consumer Financial Protection Bureau to stay home and refrain "from performing any work …

Trump’s New Budget Chief Orders Federal Financial Watchdog To Halt Operations
1 month, 2 weeks ago

Trump’s New Budget Chief Orders Federal Financial Watchdog To Halt Operations

Huff Post  

LOADING ERROR LOADING The lead architect of Project 2025 and recently appointed acting director for the Consumer Financial Protection Bureau has told the agency’s employees to essentially halt all operations ― the Trump administration’s latest move to roll back consumer protections against corporate giants. In a Saturday email obtained by several news outlets, Russell Vought ordered the federal financial industry …

Trump administration orders Consumer Financial Protection Bureau to stop work
1 month, 2 weeks ago

Trump administration orders Consumer Financial Protection Bureau to stop work

The Hindu  

The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down an agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. The email also ordered the bureau to “cease all supervision and examination activity.” Also late Saturday, Vought said in a social media post that …

"A very dangerous precedent": Debanking dispute politicizes financial system
1 month, 3 weeks ago

"A very dangerous precedent": Debanking dispute politicizes financial system

Salon  

Everyone needs a bank, right? Prior to the Senate hearings, FDIC acting chairman Travis Hill released documents that show federal regulators strongly encouraged banks in 2022 to minimize their involvement with crypto activities until further notice. "What we don't want is for banks to be the arbiter — to do the dirty work of the government" Marc Andreessen, a billionaire …

Musk's team takes control of key systems at Consumer Financial Protection Bureau
1 month, 3 weeks ago

Musk's team takes control of key systems at Consumer Financial Protection Bureau

NPR  

Musk's team takes control of key systems at Consumer Financial Protection Bureau toggle caption Jon Cherry/Getty Images/Getty Images North America Representatives of Elon Musk's cost-cutting team have entered the Consumer Financial Protection Bureau and gained access to internal computer systems that manage the agency's human resources, procurement, and finance systems, according to a source familiar with the group's actions who …

Trump administration pauses work of consumer watchdog and names Scott Bessent as acting head
1 month, 3 weeks ago

Trump administration pauses work of consumer watchdog and names Scott Bessent as acting head

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery Bessent issued a temporary pause on bureau activity while the …

Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work
1 month, 3 weeks ago

Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work

NPR  

Treasury Secretary Bessent, tapped to run CFPB, orders staff to halt work toggle caption J. Scott Applewhite/AP Scott Bessent, who was confirmed as Treasury secretary last week, has been named acting director of the Consumer Financial Protection Bureau. In an internal email shared with NPR, staff members were instructed to immediately cease much of the bureau's work, "unless expressly approved …

Trump fires chief of the federal consumer watchdog agency
1 month, 3 weeks ago

Trump fires chief of the federal consumer watchdog agency

NPR  

Trump fires chief of the federal consumer watchdog agency toggle caption Andrew Harnik/AP The Trump administration has fired Rohit Chopra, the director of the Consumer Financial Protection Bureau. In a resignation letter posted on X, Chopra said watchdog agencies such as the CFPB work to enforce laws to "check the enormous influence that powerful firms have over our daily lives." …

Trump fires head of the Consumer Financial Protection Bureau
1 month, 3 weeks ago

Trump fires head of the Consumer Financial Protection Bureau

CNN  

New York CNN — President Donald Trump has fired Rohit Chopra, the director of the Consumer Financial Protection Bureau. They, alongside tech industry leaders, have encouraged Trump to remove Chopra from his role — which was made possible by a 2020 Supreme Court ruling that enabled presidents to fire CFPB directors. In his time at the CFPB, Chopra spearheaded controversial …

How might the Consumer Financial Protection Bureau change under Trump's presidency?
2 months, 2 weeks ago

How might the Consumer Financial Protection Bureau change under Trump's presidency?

NPR  

How might the Consumer Financial Protection Bureau change under Trump's presidency? He's staffing his administration with aides who consider it wrong that Congress gave some federal agencies a measure of independence from the president, and that raises questions about what happens to the Consumer Financial Protection Bureau. Christine Chen Zinner is a senior policy counsel at Americans for Financial Reform, …

Opinion: The Consumer Financial Protection Bureau has irked billionaires, but it serves the public well
3 months, 1 week ago

Opinion: The Consumer Financial Protection Bureau has irked billionaires, but it serves the public well

LA Times  

The billionaire Elon Musk and the California venture capitalist Marc Andreessen have started a debate about the role of government that we should be having — but it might not go the way they would hope. Tech moguls might hold a grudge when justice is done, but the 118,101 LendUp customers who received more than $40 million of their money …

Consumer Financial Protection Bureau: the watchdog Republicans love to hate
3 months, 2 weeks ago

Consumer Financial Protection Bureau: the watchdog Republicans love to hate

Salon  

Elon Musk recently posted that he’d like to “delete” the Consumer Financial Protection Bureau. More than 50 million online users have accessed answers to common personal finance questions on the agency’s Ask CFPB database, like “How will shopping for an auto loan affect my credit?” and “What should I do when a debt collector contacts me?” In one of the …

Agency Trump and Musk want to 'delete' set to deliver $1.8B to scammed U.S. consumers
3 months, 2 weeks ago

Agency Trump and Musk want to 'delete' set to deliver $1.8B to scammed U.S. consumers

Raw Story  

In the coming weeks, as President-elect Donald Trump's second term approaches and his pledge to dismantle key agencies potentially comes closer to fruition, 4.3 million consumers are set to receive checks from one of the agencies the incoming administration wants to "delete." The Consumer Financial Protection Bureau announced Thursday that it will soon begin distributing a historic $1.8 billion to …

Agency Trump and Musk want to 'delete' set to deliver $1.8 billion to scammed US consumers
3 months, 3 weeks ago

Agency Trump and Musk want to 'delete' set to deliver $1.8 billion to scammed US consumers

Raw Story  

In the coming weeks, as President-elect Donald Trump's second term approaches and his pledge to dismantle key agencies potentially comes closer to fruition, 4.3 million consumers are set to receive checks from one of the agencies the incoming administration wants to "delete." The Consumer Financial Protection Bureau announced Thursday that it will soon begin distributing a historic $1.8 billion to …

Elon Musk suggests to ‘delete’ another government agency under upcoming Trump administration: ‘Too many duplicative…’
3 months, 3 weeks ago

Elon Musk suggests to ‘delete’ another government agency under upcoming Trump administration: ‘Too many duplicative…’

Hindustan Times  

Billionaire Elon Musk suggested to abolish the Consumer Financial Protection Bureau, a financial watchdog, under the incoming Donald Trump's administration. Elon Musk, chief executive officer of SpaceX and Tesla and owner of X, did not offer any details about his proposal or an explanation for his belief that the CFPB is “duplicative” to other banking regulators The proposal comes amidst …

Elon Musk names financial watchdog government agency he wants to ‘delete’
3 months, 3 weeks ago

Elon Musk names financial watchdog government agency he wants to ‘delete’

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk, the billionaire entrepreneur turned political adviser, announced on …

Trump ally Elon Musk calls to ‘delete’ US consumer protection bureau
4 months ago

Trump ally Elon Musk calls to ‘delete’ US consumer protection bureau

Al Jazeera  

Musk, a confidante of the president-elect, is set to co-lead Trump’s newly created Department of Government Efficiency. In an early-morning message on his social media platform X, Musk called for an end to the Consumer Financial Protection Bureau, an independent watchdog agency with oversight over banks and other financial institutions. Musk later responded affirmatively to a commenter who called for …

Elon Musk wants to "delete" the Consumer Financial Protection Bureau, shifting power to Wall Street
4 months ago

Elon Musk wants to "delete" the Consumer Financial Protection Bureau, shifting power to Wall Street

Salon  

Elon Musk on Wednesday called for the elimination of the Consumer Financial Protection Bureau, an agency that was founded in 2010 with a broad mandate to protect Americans from unfair and predatory financial practices. “Delete CFPB," Musk wrote in an X post Wednesday morning, calling the Federal Reserve-funded agency an example of “too many duplicative regulatory agencies” in the federal …

What will Trump and GOP Congress do to the Consumer Financial Protection Bureau?
4 months ago

What will Trump and GOP Congress do to the Consumer Financial Protection Bureau?

Raw Story  

Just hours after U.S. President Donald Trumpnamed a labor secretary nominee seen by some union leaders and advocates as genuinely pro-worker, The Washington Post on Saturday detailed what the incoming administration and Republican Congress have planned for a federal agency designed to protect everyday Americans from corporate abuse. "Of course Trumpers want to dismantle the only agency formed in decades …

Trump's Presidential Transition Gets Into Full Swing: Live Updates
4 months, 2 weeks ago

Trump's Presidential Transition Gets Into Full Swing: Live Updates

Huff Post  

Elon Musk called for the abolition of a federal agency that protects ordinary Americans from being ripped-off by the financial sector. The billionaire on Wednesday signaled he has his eye on the Consumer Financial Protection Bureau ahead of leading a central government cost-cutting drive in the Trump administration. His tweet was a response to a clip of “The Joe Rogan …

Supreme Court upholds funding structure for consumer watchdog agency
10 months, 1 week ago

Supreme Court upholds funding structure for consumer watchdog agency

NPR  

Supreme Court upholds funding structure for consumer watchdog agency Enlarge this image toggle caption Al Drago/Getty Images Al Drago/Getty Images The U.S. Supreme Court on Thursday upheld the structure of the Consumer Financial protection Bureau, the watchdog agency set up by Congress after the 2008 financial crash to protect consumers from predatory and deceptive practices by financial institutions. Then, last …

Consumer watchdog agency's fate at Supreme Court could nix other agencies too
1 year, 5 months ago

Consumer watchdog agency's fate at Supreme Court could nix other agencies too

NPR  

Consumer watchdog agency's fate at Supreme Court could nix other agencies too Enlarge this image toggle caption Drew Angerer/Getty Images Drew Angerer/Getty Images If you have a mortgage or a loan or a credit card, you likely have more protection from deceptive practices in the financial services industry today than you did at the time of the 2008 financial crash. …

Judge who ruled against CFPB took thousands in Wall Street campaign cash: Watchdog
2 years, 5 months ago

Judge who ruled against CFPB took thousands in Wall Street campaign cash: Watchdog

Raw Story  

The federal judge who ruled this week that the Consumer Financial Protection Bureau's funding structure is unconstitutional was a longtime recipient of campaign cash from Wall Street bankers—including several whose banks were held accountable by the bureau for abusive practices—a government watchdog revealed Wednesday. Beyond that, Zelnick added, the group's findings regarding Wilson's financial ties to the industry CFPB regulates …

Appeals court says financial watchdog agency CFPB's structure is unconstitutional
2 years, 5 months ago

Appeals court says financial watchdog agency CFPB's structure is unconstitutional

NPR  

Appeals court says financial watchdog agency CFPB's structure is unconstitutional Enlarge this image toggle caption Samuel Corum/Bloomberg via Getty Images Samuel Corum/Bloomberg via Getty Images A federal appeals court has ruled that the funding structure of the nation's most powerful financial watchdog agency, the Consumer Financial Protection Bureau, is unconstitutional. Circuit Court of Appeals threw out a CFPB regulation governing …

Consumer watchdog agency rediscovers its teeth under Biden
3 years, 10 months ago

Consumer watchdog agency rediscovers its teeth under Biden

Associated Press  

NEW YORK — The nation’s consumer watchdog is signaling a more aggressive approach toward the financial services sectors after a few years of being on a tight leash. Dave Uejio, a long-time career employee of the bureau, has been the bureau’s acting director since Trump’s appointee Kathy Kraninger resigned the day Biden was sworn into office. The bureau’s own data …

Biden consumer watchdog pick signals more aggressive stance
4 years ago

Biden consumer watchdog pick signals more aggressive stance

Associated Press  

CHARLOTTE, N.C. — President Joe Biden’s nominee to run the federal consumer watchdog agency indicated Tuesday that if confirmed he would restore more aggressive enforcement actions against companies and banks that largely faded during the Trump administration. Rohit Chopra, currently a Democratic commissioner on the Federal Trade Commission, would be the third permanent director of the decade-old Consumer Financial Protection …

Supreme Court Strikes Down Consumer Financial Protection Bureau Leadership
4 years, 8 months ago

Supreme Court Strikes Down Consumer Financial Protection Bureau Leadership

Huff Post  

LOADING ERROR LOADING The president has broad authority to dismiss the head of the Consumer Financial Protection Bureau, the Supreme Court ruled Monday in a 5-4 decision along ideological lines. The court’s narrow ruling in Selia Law v. Consumer Financial Protection Bureau is a short-term win for the financial industry that will nevertheless leave many consumer advocates breathing a sigh …

Trump agency guts the rules protecting consumers from predatory payday lenders
6 years, 1 month ago

Trump agency guts the rules protecting consumers from predatory payday lenders

Salon  

The Trump administration’s federal consumer finance watchdog announced plans this week to gut most of its regulations protecting consumers from predatory payday lenders. The CFBP said the rule would have curtailed “access to credit and competition in states that have determined that it is in their residents’ interests to be able to use such products.” But the Washington Post reports …

Watchdog agency signals less focus on student loan abuses
6 years, 10 months ago

Watchdog agency signals less focus on student loan abuses

Associated Press  

NEW YORK — The Trump administration signaled Wednesday that it intends to pull back on investigating potential abuses by companies in the $1.5 trillion student loan market. The Consumer Financial Protection Bureau will shutter its student lending office, according to a bureau-wide memo written by its acting director, Mick Mulvaney. That’s more than 10 percent of the total 42.8 million …

Clash For Control Of Consumer Financial Protection Bureau Heads To Court
6 years, 11 months ago

Clash For Control Of Consumer Financial Protection Bureau Heads To Court

NPR  

Clash For Control Of Consumer Financial Protection Bureau Heads To Court Enlarge this image toggle caption Alex Wong/Getty Images Alex Wong/Getty Images As the current Consumer Financial Protection Bureau head sparred with the agency's champion, Sen. Elizabeth Warren, in a congressional hearing, a legal battle over who gets to run the bureau escalated in a Washington, D.C., courtroom on Thursday. …

Face-Off: Elizabeth Warren Vs. Trump's Consumer Watchdog, Mick Mulvaney
6 years, 11 months ago

Face-Off: Elizabeth Warren Vs. Trump's Consumer Watchdog, Mick Mulvaney

NPR  

Face-Off: Elizabeth Warren Vs. Trump's Consumer Watchdog, Mick Mulvaney Enlarge this image toggle caption Manuel Balce Ceneta/AP Manuel Balce Ceneta/AP An epic throw-down happened Thursday on Capitol Hill over the role of the federal government. Mulvaney, Trump's appointee, calls the bureau Warren's "baby." She pressed Mulvaney: Sponsor Message Maloney: "So let me ask you how many enforcement actions has the …

‘Consumer’ may get a demotion if Mick Mulvaney’s CFPB overhaul includes altering its name
6 years, 11 months ago

‘Consumer’ may get a demotion if Mick Mulvaney’s CFPB overhaul includes altering its name

LA Times  

Mick Mulvaney speaks during a news conference after his first day as acting director of the Consumer Financial Protection Bureau in Washington on Nov. 27, 2017. Mick Mulvaney’s overhaul of the Consumer Financial Protection Bureau is so extensive it now could include revising the agency’s name and discarding its simple, modern logo. Consumer advocates worry that the wording change and …

Trump Official Wants To Put Tight Leash On Consumer Watchdog Agency
6 years, 11 months ago

Trump Official Wants To Put Tight Leash On Consumer Watchdog Agency

NPR  

Trump Official Wants To Put Tight Leash On Consumer Watchdog Agency Enlarge this image toggle caption Brendan Smialowski/AFP/Getty Images Brendan Smialowski/AFP/Getty Images The Trump administration will ask Congress to make drastic changes to weaken the independence of the Consumer Financial Protection Bureau, NPR has learned. Sources familiar with the matter tell NPR that the CFPB's interim director, Mick Mulvaney, will …

How Mick Mulvaney Is Changing The Consumer Financial Protection Bureau
7 years, 1 month ago

How Mick Mulvaney Is Changing The Consumer Financial Protection Bureau

NPR  

How Mick Mulvaney Is Changing The Consumer Financial Protection Bureau President Trump's appointee running the Consumer Financial Protection Bureau is making radical changes to make the agency less aggressive in its mission. MARY LOUISE KELLY, HOST: NPR in an exclusive report today found radical changes are ahead for the Consumer Financial Protection Bureau. NPR's Chris Arnold obtained a memo saying …

Donald Trump has destroyed the Consumer Finance Protection Bureau
7 years, 3 months ago

Donald Trump has destroyed the Consumer Finance Protection Bureau

Salon  

President Donald Trump hasn't even appointed a permanent director to the CPFB, but already it seems like he has wreaked havoc on the organization. Mick Mulvaney, the Director of the Office of Management and Budget who is serving as the temporary head of the Consumer Finance Protection Bureau, has changed that agency's mission statement in a way that fundamentally alters …

Explaining The Consumer Financial Protection Bureau Confusion
7 years, 4 months ago

Explaining The Consumer Financial Protection Bureau Confusion

NPR  

Explaining The Consumer Financial Protection Bureau Confusion With the director of the Consumer Financial Protection Bureau stepping down, there's a dispute between the outgoing chief and the White House over who will take over as acting director. SCOTT SIMON, HOST: On Monday morning, a couple of people could show up at the Consumer Financial Protection Bureau - both of them …

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