February 23, 2018

American Banker: Gloves off in CFPB tug of war between Mulvaney, Warren

The war of words between acting Consumer Financial Protection Bureau Director Mick Mulvaney and Sen. Elizabeth Warren, D-Mass., the agency's architect, is escalating.

Warren wrote her letter along with Rep. Maxine Waters of California, ranking member on the House Financial Services Committee, and four other Democrats questioning Mulvaney's decision in January to delay the agency's payday lending rule.

“The agency barely explained its payday rule reversal,” the Democrats wrote in their letter, which was also addressed to Leandra English, who was former CPFB Director Richard Cordray’s chief of staff and is now deputy director.  
Read the full article on the American Banker website here

By:  Kate Berry
Source: American Banker