CFPB interim director Mick Mulvaney has brought the bureau to a near-standstill.
The president recently nominated a new permanent director to take over the Consumer Financial Protection Bureau. With the CFPB doing a fraction of the work it did under Obama, what kind of agency will she lead?
Wall Street needs a new face.
AP Photo/Frank Franklin II
In giving Dodd-Frank the Botox treatment, Congress misses the point of what’s wrong with financial regulation: It’s an old mess.
Some worry Mick Mulvaney is putting banks before consumers as head of the CFPB.
Mick Mulvaney has only been in charge of the Consumer Financial Protection Bureau for two months, but he’s already made many decisions that will leave consumers worse off.
Republicans have been opposed to the CFPB since it was created.
Republicans are hoping to eliminate or at least defang the only federal agency tasked solely with protecting consumers from financial abuses. What would we miss if they succeed?
Traders react with dismay after stocks plunged in September 2008 following the collapse of Lehman Brothers.
Instead, we need to burn the entire system of financial regulation to the ground and replace it with something that supports investing the way it’s done today.
A prospector prepares to pan for gold in South Kivu in 2014. Many informal miners faced tough choices as US regulations turned life upside down.
The US wants to repeal controls imposed seven years ago on the trade of some Congolese minerals. The president’s reasons might be all wrong. But the law was badly put together in the first place.