• Commentary: The Mick Mulvaney Proposal That Could Change the CFPB for the Better

    6 days ago - By Fortune

    The political equivalent of a Halley's Comet sighting occurred during a House hearing last week: Consumer Financial Protection Bureau acting director Mick Mulvaney asked Congress to dilute his power by turning the CFPB into a bipartisan commission. Even stranger, congressional leaders of both parties seem uninterested.
    Mulvaney argued that a bipartisan, multi-member structure would prevent "wild swings" in regulations. Indeed, his proposal would move the CFPB's structure closer to that of multi-member agencies like the SEC, FTC, and FCC, which have long been considered effective. In this...
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