As it becomes increasingly evident that Mick Mulvaney’s stated intention to make the Consumer Financial Protection Bureau “dramatically different” was not just rhetorical, one of his most vocal opponents spelled out her concerns about some of the acting director’s actions, which she says may handcuff the bureau from performing many of its supervisory activities.
Sen. Elizabeth Warren (D-Mass.) claimed that freezing the bureau’s ability to collect data for examinations, which she stated is being considered, could be detrimental to the execution of its statutory duties under the Dodd-Frank Act and that Mulvaney’s reasons for implementing it lack merit.
Find out more details about what could change pertaining to bureau examinations and what conclusions Warren and other industry experts have drawn from available information.