A pair of officials in the Trump administration with ties to the accounts receivable management industry announced their resignations yesterday in response to what happened in Washington, D.C., earlier this week. Betsey DeVos, the Secretary of Education, and Mick Mulvaney, the U.S. envoy to Northern Ireland who was formerly the …
Read More »‘Anybody is Better Than Me’ Mulvaney Says About Being BCFP Director As More Support Grows For Kraninger
Time for today’s installment in the ongoing saga atop the Bureau of Consumer Financial Protection. Speaking at a financial services technology conference in New York yesterday, Mick Mulvaney, the acting director of the BCFP had an interesting insight when he said that “anybody has to be better than me” at …
Read More »Mulvaney Hails Kraninger As Lawmakers Vow To Hold Up Her Nomination
Anyone who follows the Bureau of Consumer Financial Protection on a regular basis has been waiting for Sen. Elizabeth Warren [D-Mass.] to weigh in on President Trump’s selection of Kathy Kraninger to be the agency’s next permanent direction and the Senator did not disappoint when she finally broke her silence …
Read More »Critics Blast President’s Choice to Be Next Director of BCFP
The critics are holding nothing back in their disdain for President Trump’s choice of Kathy Kraninger to be the next director of the Bureau of Consumer Financial Protection. It took a couple of days, but Democrats and consumer advocates had their pitchforks and torches out yesterday as they blasted away …
Read More »Trump Makes Left-Field Selection to Run BCFP, Sets Up Battle With Congress
President Donald Trump has chosen who he wants to be the next director of the Bureau of Consumer Financial Protection and the selection — Kathy Kraninger — caught many by surprise. Kraninger, who is the associate director at the White House Office of Management & Budget, would replace Mick Mulvaney, …
Read More »Does This Mean They All Have to Get New Business Cards?
Mick Mulvaney has taken the next step in transforming the name of the agency he is temporarily running. It was noted yesterday that the sign outside the headquarters for the Bureau of Consumer Financial Protection had been changed. Gone was the CFPB and in its place was: Making America a …
Read More »[UPDATED] Mulvaney Cleans House and Fires All 25 Members of CFPB’s Consumer Advisory Board
Editor’s Note: Updated with comments from current and former members of the Consumer Advisory Board below. Mick Mulvaney, the acting director of the Bureau of Consumer Financial Protection, does not appear to take criticism well. Days after nearly half of the agency’s Consumer Advisory Board spoke out and shared their …
Read More »Only ARM Industry Rep on CFPB’s CAB Shares Perspective on Canceled Meetings
The lone member of the Bureau of Consumer Financial Protection’s Consumer Advisory Board who has ties to the ARM industry is willing to give acting director Mick Mulvaney the benefit of the doubt after he has canceled a CAB meeting that was supposed to be held today. A number …
Read More »Report Makes Case to Keep CFPB Complaint Database Open to Public
The Bureau of Consumer Financial Protection should continue to allow the public to access its consumer complaint database because it would ensure that everyone is held accountable, from the financial services organizations regulated by the Bureau to the Bureau itself, according to a new report issued by the U.S. Public …
Read More »CFPB Lifts Freeze on Collecting Consumers’ Personal Information
The Bureau of Consumer Financial Protection has resumed the collection of consumers’ personal information, after an outside review signed off on the agency’s information security procedures. Mick Mulvaney, the acting director of the CFPB, had implemented the collection freeze as one of his first actions after being named to the …
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