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“For tracking litigation, enforcement, and regulatory developments, Compliance Week
should be your prime source.”- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
White House nominates successor for Mulvaney at CFPB
With Acting Director Mick Mulvaney’s tenure at the Consumer Financial Protection Bureau scheduled to end, by statute, on June 22, the White House has nominated Kathy Kraninger, his subordinate at the Office of Management and Budget, to take over.
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The Trump administration isn’t slowing down its efforts to defang the Consumer Financial Protection Bureau, with lawsuits dropped against a handful of big banks and financial services firms, most notably a case previously accusing payments app Zelle of failing to secure its network.
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