National Electronic Payments Month
Menu

Mick Mulvaney Effectively Fires CFPB Advisory Council

cfpbThe Consumer Financial Protection Bureau continues to come under fire by the man running the watchdog agency — Mick Mulvaney, the interim director appointed by President Trump.

In his latest action, Mulvaney moved on Wednesday to effectively dismantle the agency's consumer advisory council. "It's quite clear that we've been fired," said Kathleen Engel, a law professor at Suffolk University and a member of the CFPB's Consumer Advisory Board.

The board is designed to help consumer groups work with the CFPB to identify problems facing Americans who are treated unfairly by financial firms.


Click here for rest of article...