CBA in the News

Press Contact

Nick Simpson
nsimpson@consumerbankers.com
202-552-6371
  • November 27, 2017
    President Donald Trump is likely to control the Consumer Financial Protection Bureau for years to come. And Democrats have only themselves to blame. Trump budget director Mick Mulvaney and Leandra English, a legacy employee of the Obama presidency, faced off on Monday over which of them has the authority to lead the bureau amid dueling statutes after CFPB Director Richard Cordray abruptly stepped...
  • November 27, 2017
    On Monday morning, Mick Mulvaney, the Office of Management and Budget (OMB) director, and Leandra English, the newly appointed deputy director of the Consumer Financial Protection Bureau (CFPB), claimed to start their first day as head of the agency. Former CFPB Director Richard Cordray stepped down from the top post Nov. 24. While both Mulvaney and English sent emails to the staff signed “acting...
  • November 27, 2017
    If there’s a question mark over who’s in charge of the Consumer Financial Protection Bureau, Mick Mulvaney is having none of it. The White House budget director, who has called the financial watchdog the “worst kind” of government entity, showed up bright and early Monday with an olive branch for the CFPB’s bewildered staff: doughnuts. He then started pouring through briefing books and sent a...
  • November 25, 2017
    WASHINGTON—A standoff between the Trump administration and Obama-era officials over who gets to temporarily run the Consumer Financial Protection Bureau intensified Saturday, with President Donald Trump saying on Twitter that the agency was “a total disaster as run by the previous Administrations pick.” Mr. Trump and the CFPB each named a person to serve as temporary director starting Monday. The...
  • November 25, 2017
    The White House said President Donald Trump has the authority to put budget director Mick Mulvaney at the helm of the Consumer Financial Protection Bureau, setting the stage for what could be a protracted legal battle. A senior administration official said the decision to appoint Mulvaney was informed by communication with the Justice Department's Office of Legal Counsel, which will issue a...
  • November 25, 2017
    WEST PALM BEACH, Fla./WASHINGTON (Reuters) - President Donald Trump has the power he needs to put his top budget aide in charge of the Consumer Financial Protection Bureau (CFPB), federal officials said on Saturday, weighing in on a battle for control over the powerful agency. The leadership of the independent regulatory agency was thrown into question on Friday when its outgoing director Richard...
  • November 24, 2017
    A high-stakes legal clash is unfolding over President Donald Trump’s temporary pick to run Elizabeth Warren’s favorite bank regulator, and the White House is holding its ground. Trump on Friday said he’s naming White House budget director Mick Mulvaney to be the temporary head of the Consumer Financial Protection Bureau. The announcement came hours after outgoing CFPB Director Richard Cordray...
  • November 24, 2017
    WASHINGTON - Two people are now claiming to be the rightful leader of the Consumer Financial Protection Bureau. CFPB Director Richard Cordray's final act to appoint his own interim successor before stepping down - Leandra English, the agency's chief of staff - came hours before the Trump administration named Office of Management and Budget Director Mick Mulvaney as the temporary director. It is...
  • November 17, 2017
    Republicans are ready for President Trump to bring change to the Consumer Financial Protection Bureau (CFPB) now that Richard Cordray is resigning as director. The CFPB has become a powerful watchdog agency, making moves reshape the lending industry and crack down on financial fraud. But Republican lawmakers have chafed at the CFPB’s actions, calling them heavy handed and damaging to consumer...
  • November 15, 2017
    The director of the Consumer Financial Protection Bureau (CFPB) announced his resignation Wednesday, giving President Trump the chance to reshape an agency that has long been the target of Republican ire. Richard Cordray expects “to step down from his position here before the end of the month,” he wrote in an email that was sent to CFPB staff. "As I have said many times, but feel just as much...

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