Battle for CFPB leadership pits English against Mulvaney
Washington reports a power struggle over the Consumer Financial Protection Bureau as acting director candidates Leandra English and Mick Mulvaney clash by email and policy moves. A court hearing on English’s restraining order request overlapped with Mulvaney imposing a 30 day hiring and rulemaking freeze.
MENTIONED IN THIS ARTICLE
Washington
Consumer Financial Protection Bureau
Leandra English
Donald Trump
White House
Mick Mulvaney
Mulvaney
Executive
United States
Senate
Chuck Schumer
English
CFPB
Richard Cordray
Cordray
Ohio
Barack Obama
Wells Fargo
Mary McLeod
Trump
Banks say CFPB criticism overstated amid solid profits
Trump claimed the CFPB devastates the financial industry, but data show banks and savings institutions posted growth in earnings and capital since 2009. Federal regulators note holdings exceed 750 billion in capital, upstream reserves strengthen resilience, and unprofitable banks declined.
MENTIONED IN THIS ARTICLE
Fed
Bureau
Trump
Federal Reserve
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O.D
Julie E. Hill
W. Lorain Street
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John C. Mullins
Jennifer M. McNamara
Walker Road
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Noms Optometrists
Nomshealthcare.com
John Mullins, O.D
Julie Hill, O.D