Tag: CFPB

Trump administration strips consumer watchdog office of enforcement powers in lending discrimination cases

The following article by Renae Merle was posted on the Washington Post website February 1, 2018:

The White House and the Consumer Financial Protection Bureau are in a standoff over who will become its acting director: Leandra English or Mick Mulvaney. (Jenny Starrs/The Washington Post)

The Trump administration has stripped enforcement powers from a Consumer Financial Protection Bureau unit responsible for pursuing discrimination cases, part of a broader effort to reshape an agency it criticized as acting too aggressively.

The move to sharply restrict the responsibilities of the Office of Fair Lending and Equal Opportunity comes about two months after President Trump installed his budget chief, Mick Mulvaney, at the head of the bureau. The office previously used its powers to force payouts in several prominent cases, including settlements from lenders it alleged had systematically charged minorities higher interest rates than they had for whites. Continue reading “Trump administration strips consumer watchdog office of enforcement powers in lending discrimination cases”

‘Tax Week’ Starts With a Wacky Day at White House

The following article by John T. Bennett was posted on the Roll Call website November 27, 2017:

‘Pocahontas’ remark, CFPB move threaten to overshadow tax message

Credit: Gary Cameron/Reuters

“Tax Week” kicked off with another wacky day at the Trump White House.

A relatively quiet morning at the executive mansion turned into a chaotic afternoon Monday, with the White House again going on the defensive just as President Donald Trump and Republican lawmakers attempt to pass major legislation.

A routine day — with White House officials trying to focus on a Senate GOP tax bill scheduled for a floor vote later this week — ended with the president and his administration stepping on their own message. Continue reading “‘Tax Week’ Starts With a Wacky Day at White House”