Bloomberg Law
Nov. 23, 2018, 10:31 AMUpdated: Nov. 26, 2018, 8:20 PM

Enforcement Slowdown Defines Mulvaney’s CFPB Tenure (1)

Evan Weinberger
Evan Weinberger
Assistant Managing Editor

Mick Mulvaney’s year-long tenure atop the Consumer Financial Protection Bureau has resulted in stark changes both inside the watchdog agency and how it polices the industries it oversees.

Mulvaney’s term as acting CFPB director is expected to end with Senate confirmation of his formal replacement in the coming weeks. And he is leaving an agency whose most visible tool—an aggressive enforcement unit—has in many ways been reined in.

“I think overall I would view him as a breath of fresh air for the bureau in that he restored a level playing field between consumer interests and the industry,” according to ...

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