Consumer protection agency drops lawsuit against lender that charged 950...
The Consumer Financial Protection Bureau has dropped a lawsuit against a lender that was allegedly charging interest rates up to 950 percent, NPR reported.The case against Golden Valley Lending had...
View ArticleMulvaney travels to Middle East: report
White House budget director Mick Mulvaney is on business in the Middle East, where he's meeting with area leaders and visiting military installations in the region.Politico Playbook reported Tuesday...
View ArticleWhite House issues guidance to agencies on IT modernization
The White House on Tuesday issued formal guidance to federal agencies on implementing part of its push to modernize information technology across the federal government.The guidance released by the...
View ArticleSpending bill prevents employers from pocketing tips under tip-pooling rule
The $1.3 trillion spending deal released late Wednesday night includes language to prevent employers from being able to steal workers’ tips under the Labor Department’s controversial tip-pooling...
View ArticleWatchdog agency must stop being foe of consumer finance
Change is coming to the Consumer Financial Protection Bureau (CFPB).Established in the wake of the financial crisis, the CFPB courted controversy from the start. As an independent agency headed by a...
View ArticleMulvaney urges Congress to strip agency's powers
The acting director of the Consumer Financial Protection Bureau (CFPB) asked a House committee Wednesday to rein in the agency’s power to police the financial sector.Mick Mulvaney, who is also the...
View Article'Monopoly man' returns for Mulvaney's CFPB hearing
An activist who attends Trump administration congressional hearings dressed as the mascot from Monopoly reappeared on Thursday on Capitol Hill during a hearing with acting Consumer Financial Protection...
View ArticleTrump team continues to roll back the regulatory state
In President Donald Trump’s war on burdensome, unnecessary government regulations, two members of his team stand out: Scott Pruitt, administrator of the Environmental Protection Agency (EPA), and Mick...
View ArticleMulvaney to bankers: Your input will help limit consumer bureau's power
Mick Mulvaney, the acting director of the Consumer Financial Protection Bureau (CFPB), on Tuesday told bankers that direct engagement with their representatives would bolster their efforts to curtail...
View ArticleBlue-wave voters will drain the swamp-wave Republicans
There is consternation in the Republican cloakrooms as scandals spread, voters revolt, Democrats surge and midterm elections come closer as the blue wave of Democratic voters yearns to drain the swamp...
View ArticleMulvaney faces backlash over moving student loan investigation division
Mick Mulvaney, who President Trump picked to lead the Consumer Financial Protection Bureau (CFPB), is getting slammed for announcing Wednesday he's folding the agency's student lending office, which...
View ArticleMulvaney defends White House aide over 'dying' McCain comment: It...
White House budget chief Mick Mulvaney on Saturday defended the White House aide who made a derisive comment about Sen. John McCain (R-Ariz.), saying the real issue was that the "bad joke" had been...
View ArticleMcCarthy denies that he's discussed plan to force out Ryan
House Majority Leader Kevin McCarthy (R-Calif.) is denying that he has had conversations about trying to force out Speaker Paul Ryan (R-Wis.) with President Trump's budget director, Mick Mulvaney.The...
View ArticleConsumer bureau drops $109M fine against NJ lender accused of kickback scheme
The Trump administration dropped regulatory action against a New Jersey mortgage lender on Thursday, concluding a four-year dispute between the company and the Consumer Financial Protection Bureau...
View ArticleTrump close to nominating CFPB chief: report
President Trump is close to nominating a candidate to permanently direct the Consumer Financial Protection Bureau (CFPB), Bloomberg reported. According to four sources that spoke with Bloomberg, Trump...
View ArticleDemocrat says he recommended Trump's budget director for his job
Rep. John Yarmuth (D-Ky.) praised President Trump’s conservative budget director, Mick Mulvaney, as a “very bright, highly principled individual,” and said he actually recommended the former Freedom...
View ArticleTrump pick to head watchdog agency is who consumers need
Last month, President Trump nominated Kathy Kraninger to be the next director of the Bureau of Consumer Financial Protection (BCFP).Kraninger is currently an associate director at the Office of...
View ArticleDespite a suspect nominee, CFPB can still protect consumers
Recently, the Senate Banking Committee conducted a confirmation hearing for Consumer Financial Protection Bureau (CFPB) director nominee Kathy Kraninger.The CFPB is the federal agency that many...
View ArticleKraninger has the tools to rein in an unwieldy CFPB
The Senate Banking Committee voted to approve the nomination of Kathy Kraninger to serve as director of the Consumer Financial Protection Bureau (CFPB).Her nomination represents an opportunity to turn...
View ArticleTrump adviser says Cruz could lose Senate race
An adviser to President Trump reportedly told GOP donors on Saturday that it was a possibility that Sen. Ted Cruz (R-Texas) could lose his Senate race to Democratic challenger Rep. Beto O'Rourke...
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