Director Mulvaney has been able to serve as head of the CFPB
because of a federal statute that allows the president to appoint a Senate-confirmed individual to temporarily assume a position when the head of an agency has left.
The Trump Administration should put working families first instead of helping special interests gut the CFPB
did not immediately respond to IBT's requests to confirm it closed the investigation.
Requests for information are a beginning step by federal agencies such as the CFPB
to make changes to any rules they may have already put into place.
If a federal law did give the CFPB
some say over a person under the eye of a state insurance regulator, then the CFPB
would have to construe its ability to apply the law to a person regulated by a state insurance regulator narrowly, according to the bill text.
The rule seeks to change that and empower the CFPB
to monitor the efficacy and fairness of arbitration.
In June 2015, the CFPB
began publishing consumers' narratives of the problems they are facing as part of its public Consumer Complaint Database (the Database).
has outlawed the practice of directing mortgage-seekers to high-interest loans, cracked down on unscrupulous student loan providers, and created a division dedicated to dealing with consumers' complaints, handling over one million grievances to date.
If he could be removed, then [President Donald] Trump could put in someone who is more open to hearing industry concerns," said Reed Smith partner Maria Earley, a former CFPB
Part II provides background on the CFPB
, the CID, and the recent court ruling.
focuses not just on the impacts to the consumer, but dives deep into the operations and finances of your business.
said it seeks information on industry practices that create repayment challenges, hurdles for distressed borrowers and the economic incentives that may affect the quality of service.