Mulvaney redefines who the CFPB serves - now, it's the lenders

[muriel_volestrangler]

In "Trump administration strips consumer watchdog office of enforcement powers in lending discrimination cases", we find this:

The Trump administration has stripped enforcement powers from a Consumer Financial Protection Bureau unit responsible for pursuing discrimination cases, part of a broader effort to reshape an agency it criticized as acting too aggressively.
...
Beyond moving the fair-lending office, Mulvaney has also dropped a lawsuit against payday lenders and said the agency will reconsider rules the financial industry complained would be particularly onerous. He also updated the bureau’s mission statement to include addressing “outdated, unnecessary, or unduly burdensome regulations.”

In a memo to staffers last week, Mulvaney said the CFPB would still look to protect consumers but would not try to “push the envelope.”

“Bringing the full weight of the federal government down on the necks of the people we serve should be something that we do only reluctantly, and only when all other attempts at resolution have failed. It should be the most final of last resorts,” he wrote.

Those poor, defenceless lenders! At last, someone in government is thinking of the banks!

[madaboutharry]

1. Mulvaney is a terrible person.

There is so much wrong with someone who thinks this is the way things should be.

[dchill]

2. Mulvaney and Paul rAyn Rand are a lot alike.

[Solly Mack]

3. Mercenary State of America

[Fullduplexxx]

4. Mudvane ruins the cfpb