From: ACA International
ACA International applauds Mulvaney’s efforts to review how the CFPB is using its enforcement authority and looks forward to greater clarity from the bureau on future enforcement actions.
ACA International welcomes news that Consumer Financial Protection Bureau Acting Director Mick Mulvaney intends to review more than 125 active investigations during a 30-day moratorium he placed on regulations.
Mulvaney, who also serves as the director of the Office of Management and Budget (OMB), said he is reviewing the investigations to “make sure that we are not going beyond the mandate, that we are not abusing our position, and that we are not getting in the way of the proper functioning of the financial services and capital markets,” according to The Washington Times.