Under President Trump, the Consumer Financial Protection Bureau relaxed rules on payday lending and debt collection.
Lenders will not have to verify whether borrowers have the ability to pay back high-interest loans
And that's one reason for the persistent homeownership gap.
Mick Mulvaney is set to testify before Congress on April 11 about how he’s managing the Consumer Financial Protection Bureau. It might be hard to tell, but, the CFPB still there. Click the audio player above to hear the full story.
The acting director requested $0 for the bureau’s funding.
The Massachusetts senator who helped set up the bureau says the president has "created a cloud" over it.
The Consumer Financial Protection Bureau, created in the wake of the financial crisis, is locked in a leadership struggle after its first director stepped down last week.
President Donald Trump and the outgoing director of the Consumer Financial Protection Bureau have each chosen different leaders to oversee the watchdog agency. So Leandra English, the current head's pick, has filed a lawsuit.
Leandra English, who was named interim director of the CFPB by its outgoing director, filed a lawsuit Sunday night.
Richard Cordray announced today that he’s leaving the Consumer Financial Protection Bureau by the end of the month. President Donald Trump will get to appoint Cordray’s successor, giving him yet another way to reshape U.S. financial regulation. We take a look at how the president is putting his stamp on these regulations. Click the audio player […]