Economic bubbles grow — and eventually pop — when politicians forget why financial regulations exist.
The president appeared to be pushing back against a report about his administration reviewing whether the bank should pay hefty fines for abusive mortgage lending practices.
Ann Marie Buerkle, a commissioner poised to run the federal agency, has rarely voted for a mandatory recall, a maximum fine, or a tougher safety standard.
Mick Mulvaney, who became the acting director of the Consumer Financial Protection Bureau after a court fight, pared back some of his restrictions on the agency.
At a Supreme Court argument on Tuesday, the justices focused on a narrow definition of “whistle-blower” in the Dodd-Frank Act.
It may frustrate the president, but he does not have the power to appoint the interim head of the Consumer Financial Protection Bureau.
A decade after the financial crisis, bank regulators are starting to ease up and lawmakers are considering paring back on restrictions.
The fight over whether President Trump can immediately seize control of the Consumer Financial Protection Bureau may turn on the word “may” versus “shall.”