- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
All 49 Democrats on the U.S. Senate have written to CFPB Director Mick Mulvaney, urging him to forgo reported plans to end examinations for Military Lending Act compliance.
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The Consumer Financial Protection Bureau is seeking to legislatively expand its purview to police financial products targeted to military personnel.
A new report, released by Democrats on the Senate Banking Committee, details how they think Acting Director Mick Mulvaney “has undermined the Consumer Financial Protection Bureau’s mission to enforce consumer protections.”
Ohio-based Fifth Third Bank will pay $20 million in penalties to the Consumer Financial Protection Bureau for allegedly opening fake bank accounts and wrongfully repossessing customers’ vehicles.
