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Consumer Financial Protection Bureau

Posted on in News/Politics

Mick Mulvaney Admits He Holds Frightening Level Of Power As Head Of Consumer Bureau

White House Budget Director Mick Mulvaney has risen from the ranks of the House Freedom Caucus to become one of the most powerful Trump administration officials in the country, as he becomes the head of the Consumer Financial Protection Bureau (CFPB). He says his level of power should “frighten” the masses, because the amount of centralized power that has amassed in Washington D.C. “The structure of the CFPB is just fundamentally flawed. Authority that I have now as the acting director really should frighten people,” Mulvaney said on an episode of “Lou Dobbs Tonight” on Fox Business. “You can sit… Keep Reading

Posted on in Politics

How ‘The FREE Act’ Could ‘Freeze’ The Credit Industry

Between May and July, hackers breached the cybersecurity of Equifax, a company that provides consumer credit scores, exposing the personal details of up to 143 million U.S. consumers. This information included names, driver’s license numbers, and Social Security numbers. Democrats immediately jumped at the chance to regulate the credit industry. Sen. Elizabeth Warren (D-MA) and Sen. Brian Schatz (D-HI) proposed the Freedom from Equifax Exploitation Act (FREE Act), a panicked, overreaching response to an event that doesn’t define or represent the credit industry. The FREE Act would ultimately enable the excessive and unnecessary regulation of a credit industry that provides… Keep Reading

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