February 22, 2018
Ditching the CFPB’s System of Adjudication
Mick Mulvaney is continuing his work of dismantling the Consumer Financial Protection Bureau as we have known it. His latest is the issuance of a Request for Information Regarding Bureau Rules of Practice for Adjudication Proceedings. Section 1053 of the … Continue reading
February 22, 2018 in Regulation | Permalink | No Comments
February 16, 2018
Treasury’s Take on Housing Finance Reform
The Department of the Treasury released its Strategic Plan for 2018-2022. One of its 17 Strategic Objectives is to promote housing finance reform: Support housing finance reform to resolve Government-Sponsored Enterprise (GSE) conservatorships and prevent taxpayer bailouts of public and … Continue reading
February 16, 2018 in Regulation | Permalink | No Comments
February 14, 2018
The “Humbled” Consumer Financial Protection Bureau
The Consumer Financial Protection Bureau is changing directions in a big way under the leadership of Mick Mulvaney as seen in its Strategic Plan for FY 2018-2022. In his opening message to the Plan, Mulvaney writes that the Plan presents an opportunity … Continue reading
February 14, 2018 in Regulation | Permalink | No Comments
February 13, 2018
Trump’s War on HUD
President Trump’s budget for fiscal year 2019 offers these highlights for the Department of Housing and Urban Development: The Budget reflects the President’s commitment to fiscal responsibility by reforming programs to encourage the dignity of work and self-sufficiency while supporting … Continue reading
February 13, 2018 in Regulation | Permalink | No Comments
February 7, 2018
The Fate of CFPB’s Civil Investigative Demands
Mick Mulvaney’s Consumer Financial Protection Bureau issued a Request for Information Regarding Bureau Civil Investigative Demands and Associated Processes: The Bureau is using this request for information to seek public input regarding the exercise of its authority to issue CIDs, … Continue reading
February 7, 2018 in Regulation | Permalink | No Comments
February 5, 2018
Trump Wins Another Round in CFPB Fight
Judge Gardephe (SDNY) ruled against the Lower East Side People’s Federal Credit Union in their suit against President Trump and Mick Mulvaney over the control of the Consumer Financial Protection Bureau. (Case 1:17-cv-09536-PGG, filed February 1, 2018) Trump has sought … Continue reading
February 5, 2018 in Regulation | Permalink | No Comments
February 1, 2018
An Independent CFPB
The United States Court of Appeals for the District of Columbia, sitting en banc, upheld the constitutionality of the structure of the Consumer Financial Protection Bureau in PHH Corporation v. CFPB, No. 15-1177 (Jan. 31, 2018). There has been a … Continue reading
February 1, 2018 in Regulation | Permalink | No Comments
