A Look Back At Mulvaney's CFPB, And What's Ahead In 2019

By Ori Lev, Stephanie Robinson, Tori Shinohara, Anjali Garg and Christa Bieker (December 7, 2018, 2:05 PM EST) -- Just one year ago, as you were contemplating what to do with your leftover Thanksgiving turkey, a storm was brewing at the Consumer Financial Protection Bureau, also known now as the Bureau of Consumer Financial Protection. On Nov. 24, 2017, then-Director Richard Cordray resigned. His last act was to appoint his chief of staff, Leandra English, as the agency's deputy director, with the expectation that English would become the next acting director. Later that day, President Donald Trump named U.S. Office of Management and Budget Director Mick Mulvaney as acting director, and, two days later, a legal battle ensued in the D.C. Circuit. Since then, Acting Director Mulvaney changed the name of the bureau, declined operating funds from the Fed, publicly decried the bureau's prior mission, and rolled back supervisory, regulatory and enforcement activities. On Dec. 6, 2018, the Senate confirmed Kathy Kraninger as the next director of the CFPB. In this article, we take a closer look at how the CFPB, looks after one year of Mulvaney's leadership and what to expect in the year ahead....

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