Editor: David Reiss
Brooklyn Law School

November 28, 2017

Tuesday’s Regulatory & Legislative Roundup

By Jamila Moore

  • The District of Columbia set aside $10 million dollars to support the capital’s affordable housing needs. The District of Columbia Department of Housing and Community Development (DHCD) will use the funds to preserve, rehabilitate, and purchase additional affordable units. Over 13,000 units are set to expire in 2020 while the district’s current affordable housing stock decreased by 1,000. Thus the district has a dire need for affordable housing.
  • In order to support the transition of Cordray, the Consumer Financial Protection Bureau (CFPB) appointed two internal leaders as acting director. The pair of directors are fighting for power. As a result, the federal agency is in turmoil due to the pair’s power struggle. Though extremely critical of the CFPB, Trump nominated Mich Mulvaney as an acting director of the regulatory agency. In the upcoming weeks, the regulatory agency should return to a stable position and continue supporting the country in a positive light.
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