Could this be the beginning of the end of the Consumer Financial Protection Bureau as we know it? This month The Trump administration, through acting CFPB Director Mick Mulvaney, announced sizeable restrictions to CFPB’s enforcement and day-to-day oversight of the financial industry’s fair lending practices. The move comes shortly after…
Last week, we spotlighted the resignation of Consumer Financial Protection Bureau (CFPB) head, Richard Cordray. His departure left a mark of uncertainty over the fate of the institution – one of the financial industry’s top regulators. Who’s the Boss? This week sparked contention over who would be taking the helm…
This week, Richard Cordray handed in his resignation as head of the Consumer Financial Protection Bureau (CFPB). The early resignation comes at a time of increased criticism over current financial regulations and an uncertain outlook for many regulatory bodies. The CFPB especially, has been subject of intense criticism from the…