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”