Legal

Judge’s Ruling Keeps Mulvaney in Place at CFPB

Consumer Financial Protection Bureau Acting Director Mick Mulvaney will continue to serve in that capacity as a federal judge today denied CFPB Deputy Director Leandra English's request for an injunction stating that she is the rightful acting director.

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Don’t Call Me, Maybe

Courts appear willing to restrict a consumer’s ability to revoke consent to contact—have not issued adequate rulings to create meaningful precedent.

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Deputy AG Cautions on Using Regulatory Guidance as Policy

In a speech to a banking industry conference today, Deputy Attorney General Rod Rosenstein cautioned regulatory agency heads from substituting informal guidance for notice-and-comment rulemaking, noting that the Administrative Procedures Act provides a clear method for “promulgating regulations that reflect our official interpretation of application of certain laws.”

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Trump Makes Arbitration Rule Repeal Official

President Trump this afternoon signed the Congressional Review Act resolution invalidating the Consumer Financial Protection Bureau’s final rule that had effectively banned the use of mandatory arbitration for consumer financial products.

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