After canceling multiple meetings with its consumer advisory board, the acting director of the Consumer Financial Protection bureau has dismissed all 25 CAB members, essentially dissolving the board.
The acting director of the Consumer Financial Protection Bureau has canceled multiple meetings with its consumer advisory board, causing statements of concern from some CAB members.
The Consumer Financial Protection Bureau’s online database has been inactive since December, and Acting Director Mick Mulvaney doesn't seem keen to reopen it.
Acting Director Mick Mulvaney's temporary term at the Consumer Financial Protection Bureau ends June 22, and President Donald Trump has yet to name his replacement.
On May 21, President Donald Trump signed a resolution which negates 2013 guidance on auto loans issued by the Consumer Financial Protection Bureau aimed at preventing discriminatory markups on indirect loans made by car dealers.
CFPB Acting Director Mick Mulvaney is folding the Office of Students and Young Consumers into the Office of Financial Education, a move which swiftly drew the ire of high-ranking Democrats.
The CFPB alleged that Weltman, Weinberg & Reis violated the Fair Debt Collection Practices Act and the Consumer Financial Protection Act in their correspondence with consumers.
The amendment will clarify when creditors may pass on increased costs to consumers and disclose them on a closing disclosure under the October 2015 rule.
The Give Useful Information to Define Effective Compliance Act was introduced by Rep. Sean Duffy (R-Wis.) and Rep. Ed Perlmutter (D-Colo.) on April 17.
The agency formerly known as the Consumer Financial Protection Bureau will now be the Bureau of Consumer Financial Protection, Acting Director Mick Mulvaney told an audience of more than 1,300 bankers at an American Bankers Association conference.