Mulvaney Cuts CFPB Fair Lending Office's Enforcement Power
Law360, New York (February 1, 2018, 7:21 PM EST) -- Consumer Financial Protection Bureau Acting Director Mick Mulvaney said Tuesday that a key agency office tasked with policing lenders for compliance with anti-discrimination laws will lose its enforcement duties and be brought under the purview of his office, a move that is sparking criticism from consumer advocacy and civil rights groups.
In an email sent to all CFPB staff, Mulvaney announced that the Office of Fair Lending and Equal Opportunity will vacate its current spot in the CFPB's Supervision, Enforcement and Fair Lending division to become part of the Office of Equal Opportunity and Fairness, which is housed in the Office...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!