Joe Adler is the former Washington Bureau Chief of American Banker.
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Mick Mulvaney’s unapologetic memo to staff about the Consumer Financial Protection Bureau’s mission headlined a spate of developments this past week as he continues to transform the agency. Here are the key developments.
By Joe AdlerJanuary 29 -
Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, said his zero-funding request for the agency is not meant to drain it of resources.
By Joe AdlerJanuary 23 -
The Senate approved the final tax reform plan 51-48 early Wednesday, the second-to-last obstacle before sending it to President Trump for his signature.
December 20 -
The House vote moved a sharp reduction in the corporate tax rate for banks and other businesses to within a few steps of becoming law.
By Joe AdlerDecember 19 -
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."
By Joe AdlerDecember 4 - Finance and investment-related court cases
Financial services companies and groups are increasingly willing to take the regulatory regime to court in an effort to fight back — and so far, they appear to be succeeding.
April 26 -
Nearly 40 current and former congressional Democrats — including the namesakes of the Dodd-Frank Act — challenged the notion that Congress may not dictate the organization of federal agencies.
By Joe AdlerMarch 31 -
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.
By Joe AdlerFebruary 3 -
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.
By Joe AdlerMarch 22 -
Comptroller of the Currency Thomas Curry said banks could consider loan-to-value ratios above 90% to help revitalize areas hurt by the housing crisis.
By Joe AdlerSeptember 9