Mick Mulvaney

Kathy Kraninger, an obscure official at the Office of Management and Budget, is President Trump's leading candidate to become director of CFPB, according to sources.

Marc Dann, a former Ohio attorney general, has a plan to publicly maintain the CFPB's consumer complaint database if acting Director Mick Mulvaney shuts it down.

Rep. Darrell Issa, the Republican lawmaker from California, is among the candidates who have been discussed as President Trump gets closer to naming someone to run the Consumer Financial Protection Bureau, according to people familiar with the matter.

The acting director cited the size of advisory boards and some members’ reticence among reasons for his decision.

Acting CFPB Director Mick Mulvaney wrote in a two-paragraph filing that the Mount Laurel, N.J., company did not violate the Real Estate Settlement Procedures Act.

The Consumer Financial Protection Bureau fired all 25 members of the agency's Consumer Advisory Board during a conference call Wednesday, saying it wanted to bring in more diverse views.

Acting Consumer Financial Protection Bureau Director Mick Mulvaney is poised to dismiss its administrative proceeding against the mortgage lender, following a four-year battle over the agency's structure.

Since its inception, the qualified mortgage rule has been synonymous with loans purchased by Fannie Mae and Freddie Mac or guaranteed by government agencies. But a broader QM definition could change that by creating more competitive private-label options.

Anticipated changes to the qualified mortgage rule will give lenders more options and force them to rethink their views on risk.

Lenders would have a lighter data-reporting burden, but they may end up deciding to collect the data anyway.