Democratic committee leaders are ready to roll out an ambitious legislative wish list if the House majority flips in next month’s midterm elections. After eight years in the minority, Democrats have big plans, from shoring up ObamaCare and Dodd-Frank financial rules to protecting “Dreamers” and the integrity of elections. They are also vowing to aggressively […]
CFPB Settles with Citibank on Overcharging Credit Card Rates…
The Consumer Financial Protection Bureau said Friday that it had reached a settlement with Citibank over the bank’s overcharging of customers on credit card rates. The bank will avoid civil penalties, on the grounds that it first reported the problem to the bureau and took steps to remediate it. Instead, the CFPB required the bank […]
OMB Director Mick Mulvaney Discusses Government Reorganization During Cabinet Meeting (VIDEO)…
Office of Management and Budget Direct Mick Mulvaney had a break-out session during the White House cabinet meeting today where he discussed part of the government restructuring and reform proposals. We have waited a long time for this type of common sense initiative. This is MAGA. Some will say it can’t be done; however, if […]
Mick Mulvaney Fires All 25 Members of CFPB’s Advisory Board…
Just days after postponing another scheduled meeting of its statutorily required Consumer Advisory Board, the acting head of the Consumer Financial Protection Bureau on Wednesday told staff that all 25 volunteer members of the outside body were being relieved of their duties. “Today we begin the process of transforming the bureau’s Stakeholder Outreach and Engagement […]
Uh Oh… CFPB Suffered More Than 1,000 Data Breaches…
The Consumer Financial Protection Bureau (CFPB) suffered at least 240 data breaches and another 800 suspected hacks, according to Mick Mulvaney, the acting director of the bureau in congressional testimony. Mulvaney is the first CFPB official to admit the agency’s massive data mining of consumer mortgage and credit card information is vulnerable to hackers and […]
CFPB Chief Mick Mulvaney Formally Asks Congress to Slash the Agency’s Power…
The head of the Consumer Financial Protection Bureau formally called on Congress to sharply reduce his agency’s authority. Among the suggestions he delivered Monday: Any major new rules the bureau makes should be subject to lawmakers’ approval. “The bureau is far too powerful, with previous little oversight of its activities,” Mick Mulvaney — who has […]
IMF Director Christine LaGarde Is Out, Investment Banker Mark Rosen In…
On Wednesday, President Donald Trump selected Connecticut businessman and former investment banker Mark Rosen to be the new executive director of the International Monetary Fund (IMF). Rosen is “currently chairman of Latin America investment banking at Bank of America Merrill Lynch,” the White House said in a statement. Rosen has over 30 years of experience […]
Donald Trump’s Most Casually Broken Promise…
Politicians break campaign promises all the time. Some are big promises, some are small. But few have been broken as completely, as brazenly, and as casually as Donald Trump’s promise not to play golf, or at least not to play a lot of golf, as president. Candidate Trump told campaign crowds many, many times that […]
OMB Director Mick Mulvaney Interview on Spending Bill and 2019 Proposed Budget…
Office of Management and Budget (OMB) Director Mick Mulvaney explains how the Spending Bill compromise hammered out last week during the brief overnight shutdown, and its rippling effects on the 2018 Operating Budget and the 2019 Proposed Budget. A lot of information packed into this 14 minute interview…
Trump’s $4 Trillion Budget Proposal Unveiled: Here Are the Main Highlights…
As previewed last night, President Donald Trump has proposed to Congress a $4 trillion-plus budget for next year that projects a $1 trillion or so federal deficit and in the biggest surprise leaked last night, and unlike the plan he released last year, never comes close to promising a balanced federal ledger even after 10 […]