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Consumer Watchdog’s Latest Budget Request: $0

36 minutes agoNews : NYTimes: News

The Consumer Financial Protection Bureau’s acting director is paying operations costs from its reserves this quarter, his latest move to curb the agency.

Feds Drop Suit Against Predatory Payday Lenders

41 minutes agoLGBT / Gay : Joe. My. God.

Bloomberg reports: The Consumer Financial Protection Bureau is dropping a lawsuit against a group of payday lenders associated with an American Indian tribe in a sign the regulator is changing direction under Mick Mulvaney, the acting director appointed by the Trump administration. Show More Summary

CHANGE: Mick Mulvaney, whose appointment to lead the Consumer Financial Protection Bureau generated …

CHANGE: Mick Mulvaney, whose appointment to lead the Consumer Financial Protection Bureau generated significant controversy last year, requests no new funding for the bureau, arguing money on hand is sufficient to cover the next quarter’s expenses.

Mulvaney's first funding request for the Consumer Financial Protection Bureau: zero

In his first quarterly funding request as acting director of the Consumer Financial Protection Bureau, Mick Mulvaney is asking for nothing. “This letter is to inform you that for the Second Quarter of Fiscal Year 2018, the Bureau is requesting $0,” he wrote Wednesday to Janet L. Yellen, chair of...

Mick Mulvaney’s crusade against protecting working folk from financial scams kicks into overdrive

Mick Mulvaney doesn’t want any new money for the Consumer Financial Protection Bureau, but he does want the companies whose abusive business practices put them at odds with the agency to sound off in the comments. The acting head of the CFPB told the Federal Reserve to give the seven-year-old watchdog zero dollars in new […]

Mulvaney Wants No Funding for Consumer Bureau

Politico: “Every quarter, the Consumer Financial Protection Bureau formally requests its operating funds from the Federal Reserve. Last quarter, former director Richard Cordray asked for $217.1 million. Cordray, an appointee of President Barack Obama, needed just $86.6 million the quarter [...]

Mick Mulvaney takes first step toward overhauling Consumer Financial Protection Bureau

Mick Mulvaney once called the Consumer Financial Protection Bureau a "joke... in a sad, sick kind of way.” Now, as its acting director, he’s in a position to change it. On Wednesday, Mulvaney announced he was launching a review of the entire operation of the consumer watchdog agency created in...

Entire operation of federal consumer regulator under review

The Trump-appointed acting director of the Consumer Financial Protection Bureau said Wednesday that he is launching a review of all the federal consumer watchdog agency's policies and priorities. It's the … Click to Continue »

The agency the White House just took over is about to feed us to loan sharks

The Consumer Financial Protection Bureau is considering changing a rule so it's easier for payday lenders to take more of people's money. This after the White House took over the agency and installed Mick Mulvaney as director. Despite...Show More Summary

Trump’s Consumer Agency Announces Plan to Let Predatory Lenders Off the Hook

Late on Tuesday, the Consumer Financial Protection Bureau (CFPB) announced that it is planning to “reconsider” the Payday Rule, an Obama-era rule that created the first federal restrictions on payday loans. The rule takes aim at predatory...Show More Summary

CFPB Acting Director Fight Moves to D.C. Circuit Court

The Deputy Director of the United States Consumer Financial Protection Bureau, Leandra English, has not given up her legal fight to become the Acting Director of the CFPB after former Director Richard Cordray stepped down at the end of last year. Prior to stepping down, Cordray promoted English from Chief......

Wall Street’s mole at key consumer agency announces first sabotage of predatory lending rules

The Consumer Financial Protection Bureau spent almost half a decade crafting modest regulations on payday lending that would have brought federal oversight to the usurious industry for the first time. But on Tuesday, acting CFPB Director Mick Mulvaney jerked the watchdog’s leash hard, inviting lenders across the country to apply for waivers from the new […]

Bannon Subpoenaed By Mueller, CFPB Backs Away From Payday Lending Rule, and Trump Admin. Appeals DACA Decision to Supreme Court: P.M. Links

2 days agoNews : Reason

Former Brietbart News chief and advisor to President Trump Steve Bannon has been subpoenaed as part of Robert Mueller's investigation into Russian meddling in the U.S. election. The Consumer Financial Protection Bureau will "reconsider"...Show More Summary

Consumer watchdog agency considers repealing payday lending rules

The Consumer Financial Protection Bureau is reconsidering key rules enacted last year that would have protected consumers against harmful payday lenders. The bureau, which came under control of the Trump administration late last year, said Tuesday that it plans to take a second look at the payday...

CFPB leadership remains uncertain despite another Trump administration court victory

The leadership of the Consumer Financial Protection Bureau remains under a cloud of uncertainty despite another Trump administration victory in the legal battle over who should be the agency’s acting director. A federal judge on Wednesday denied a request for a preliminary injunction to remove...

Judge denies injunction to remove Mick Mulvaney as CFPB acting director

A federal judge on Wednesday denied a request for a preliminary injunction to remove Mick Mulvaney as acting director of the Consumer Financial Protection Bureau. The judge sided with Mulvaney — President Trump’s choice for the interim position — over Leandra English, the agency’s deputy director...

Court rules in favor of Trump over fate of consumer watchdog

A federal judge has ruled in favor of President Donald Trump and the White House over the control of a national financial watchdog agency, the Consumer Financial Protection Bureau. Judge … Click to Continue »

Mick Mulvaney allowed to lead Trump’s consumer bureau amid tumult

last weekNews : NY Daily News

The confusing conflict over who's in charge at the Consumer Financial Protection Bureau just got even more confusing.

Judge denies effort to stop Mulvaney from heading consumer watchdog

last weekNews : The Raw Story

A U.S. District Court judge denied on Wednesday a preliminary injunction filed by Consumer Financial Protection Bureau Deputy Director Leandra English seeking to stop White House budget director Mick Mulvaney from taking control of the agency. English has challenged Mulvaney’s right to lead...

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