Close

Are you in compliance?

Don't miss out! Sign up today for our weekly newsletters and stay abreast of important GRC-related information and news.

×

Status message

Start your free, no obligation 10-day trial to continue exploring with full access.

CFPB shuffles unit reporting lines, reviews administrative proceedings

Joe Mont | February 2, 2018

Victories are short-lived in Washington. Within hours of an important court ruling that found the much-maligned structure of the Consumer Financial Protection Bureau to be constitutional, the Trump administration took steps to further reign in the Bureau’s enforcement powers.

Specifically, a unit dedicate to discrimination cases, the Office of Fair Lending and Equal Opportunity, has been rendered impotent, critics say. That was accomplished, they say, by bringing that unit’s functions under the direct control and discretion of Director Mick Mulvaney.

A statement from the Bureau counters that accusation, choosing instead to tout the benefit of organizational changes that move the unit closer to the Bureau’s seat of power. “By elevating the Office of Fair Lending to the Director’s Office, we have enhanced its ability... To get the full story, subscribe now.