The Washington-based federal appeals court affirmed the legality of the Consumer Financial Protection Bureau’s (CFPB) leadership structure in a 6-3 vote Wednesday, likely sending a major dispute over agency power to the Supreme Court. Judge Nina Pillard wrote the court’s main opinion. Judges Karen Henderson, Brett Kavanaugh, and Raymond Randolph dissented. All three are Republican […]
A Big Dispute over Agency Power Looks Primed for Supreme Court Review…
Mick Mulvaney Tells Employees CFPB Will No Longer ‘Push the Envelope’…
Acting Consumer Financial Protection Bureau Director Mick Mulvaney told the agency’s employees Tuesday that the agency no longer will “push the envelope” in policing private companies, suggesting in an agency-wide memo that he plans to reverse course from the one set out by departed director and Obama appointee Richard Cordray. “Simply put, the days of […]
Shutdown Clock Ticks…
Hopes in Congress for a breakthrough deal on immigration that would avert a potential government shutdown are fading with only a few hours left before federal funding expires at midnight. The Senate is scheduled to vote at 10 p.m. on a four-week spending stopgap passed Thursday by the House but it is expected to fall […]
OMB Director Mick Mulvaney Press Briefing on Schumer-Shutdown (Video)…
Consumer Watchdog’s Latest Budget Request: $0…
The Consumer Financial Protection Bureau’s acting director, Mick Mulvaney, intensified his efforts this week to curb an agency he has denounced as a regulator run amok. His latest tactic: starve it of cash. The consumer bureau is funded directly by the Federal Reserve and sends the central bank a request each quarter for money for […]
Mick Mulvaney Begins Review of “Entire Operation” Behind CFPB…
Interim Director of the Consumer Financial Protection Bureau (CFPB), Mick Mulvaney, announces the entire operational architecture of the liberal protection racket is being reviewed. As many reports have indicated, the CFPB was structured to be an unaccountable branch of the government dedicated to controlling the financial industry, and by extension the U.S. economy, by blackmailing […]
Trump Budget Chief Shuts Down Consumer ‘Protection’ Bureau ‘Slush Fund’…
An educational “slush fund” used by the Consumer Financial Protection Bureau has come under the “strictest review” by acting director Mick Mulvaney amid concerns the Obama-era agency has been doling out cash only to Democratic cronies. Mulvaney, President Trump’s budget chief who has been temporarily installed at the agency the president once promised to kill, […]