The request for information on supervision processes is the fourth in what looks to be a lengthy list of reviews from the Consumer Financial Protection Bureau.
The Consumer Financial Protection Bureau will continue its more low-key, hands-off approach to consumer protection and regulation, one which equally emphasizes the rights of the regulated.
Kirsten Sutton Mork was serving as staff director of the House Financial Services Committee under Chairman Jeb Hensarling (R-Texas) prior to being appointed by CFPB acting director Mick Mulvaney.
The changes adjust requirements for resolving errors on unregistered accounts and provide greater flexibility for credit cards linked to digital wallets as well as delaying implementation until April 2019.
In the latest change at the CPFB, acting director Mick Mulvaney requested $0 from Federal Reserve Chair Janet Yellen for the second quarter, instead proposing to pull from a back-up fund created by former director Richard Cordray.
The Consumer Financial Protection Bureau will reconsider its recently issued and highly controversial payday lending rule, it said in a statement issued today.
Sen. Ron Johnson (R-Wis.) launched an inquiry into the appointment of Leandra English to her role as chief of staff at the Consumer Financial Protection Bureau.
Past statements from Mulvaney – including a characterization of the bureau as “a joke” – disqualify him, said a letter signed by New York Attorney General Eric T. Schneiderman and 16 other state attorneys general.
A bipartisan group of House legislators has introduced a Congressional Review Act resolution to bar passage of the final payday lending rule from the Consumer Financial Protection Bureau.
Cordray named former chief of staff Leandra English as deputy director of the agency, to serve as the bureau's acting director. Trump, however, appointed Office of Management and Budget Director Mick Mulvaney as the CFPB's interim director.