States Create State Level CFPB Agencies As A F*** You To Trump And Mulvaney


New Jersey And Other States Start State Level CFPB  Agencies


Several states have announced they are launching state level CFPB agencies. This is in response to CFPB Acting Director Mick Mulvaney’s memo laying out his vision for the CFPB.
The memo was obtained by investigative journalism nonprofit  ProPublica. Mick Mulvaney was forced to respond with an editorial in the Wall Street Journal.  Mulvaney wrote that the bureau will be a much kinder and gentler agency toward banking under his watch.
Mulvaney wrote that the CFPB:
Mulvaney’s mission statement and the CFPB’s recent move to reconsider agency functions concerns consumer advocates. As a result, they wonder how much consumer protection the Consumer Financial Protection Bureau will be engaging in going forward.
The New York Department of Financial Services Superintendent Maria Vullo stated she is concerned about the CFPB’s “troublesome policy shift.

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