Updates | The Week of January 22, 2018
Derek Reinbold // 1/28/18 //
The Consumer Finance Bureau’s plan to reconsider rules regulating payday lenders is misguided and out of step with its mission, argues the Bloomberg Editorial Board.
In a memo to CFPB staff, acting director Mick Mulvaney expressed plans to move away from his predecessor’s “good guys” fighting “bad guys,” approach to one in which the agency conducts enforcement with “humility and prudence.” (NYT).
The CFPB requested comments on its civil investigative demands process, used to subpoena companies during investigations (The Hill).