Joe Adler has been with the Washington bureau of American Banker since 2006, writing on a variety of topics about the federal government's financial services policy. In addition to being Washington bureau chief, he edits BankThink, American Banker's opinion platform on ideas and trends shaping the banking industry. Before joining American Banker, he worked at newspapers in New England, beginning his career as a sportswriter in Massachusetts.
In a letter to President Trump, 44 Democratic senators said the White House's appointment of Mick Mulvaney as interim director of the Consumer Financial Protection Bureau "jeopardizes the agency’s independence and effectiveness."
The Trump administration was set to release an executive order Friday calling for a review of the Dodd-Frank Act, but the immediate questions about the order focused on what authority the White House has to enact real change.
The agency may finally be reaching resolution on whether Fannie Mae and Freddie Mac will allow principal reductions, two years into Director Mel Watt's tenure as agency director and nearly a decade after the mortgage bubble burst.