Mulvaney initiates first wave of change at the CFPB

consumer financial protection bureau
By Sasha Padbidri
17 Jan 2018

Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau (CFPB), announced a wave of changes to rules overseen by the agency this week, including a potential revision of the Payday Rule, in addition to seeking public input on the agency’s operations.

The steps are the first undertaken by Mulvaney to alter the scope and reach of the CFPB since his appointment by President Donald Trump in November 2017, after former director Richard Cordray left the bureau.

On January 17, Mulvaney also informed Janet Yellen, US Federal Reserve chair, that ...

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