The differences between the Consumer Financial Protection Bureau’s (CFPB) philosophies under acting director Mick Mulvaney compared with those under Richard Cordray’s leadership are evident in the CFPB’s recently finalized Strategic Plan for 2018-2022.
The final plan differs from a draft published in October 2017 in several ways, including its description of the bureau’s mission and vision, its approach to enforcement and supervision and its stated view that the bureau is responsible for ensuring that financial service providers are treated fairly, as well as consumers.
Find a detailed analysis of how significantly the revisions will alter the bureau’s approach over the next five years.