General World News

Prepare for a return to Cordray-era CFPB

Washington D.C

A “sick, sad joke.”

That’s the phrase a former Trump administration appointee for the Consumer Financial Protection Bureau, Acting Director Mick Mulvaney, used to describe the government agency he was later selected to lead.

President Donald Trump kept Mulvaney in his role for as long as possible, only nominating Kathy Kraninger at the end of the legally-allowed 120-day period. Though Kraninger proved to far less of a firebrand than Mulvaney, her stint as director was characterized by a far more business-friendly approached than had been seen under the Obama administration.

Under former CFPB Director Richard Cordray, regulation details ⇒

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