Elizabeth Warren and other senators fired tough questions at Kathy Kraninger, President Trump's nominee to run the Consumer Financial Protection Bureau.
The White House says Trump plans to nominate Kathy Kraninger to head the Consumer Financial Protection Bureau. Under Acting Director Mick Mulvaney, the CFPB has lost much of its watchdog role.
The CFPB's interim chief is moving to disband a board designed to help consumer groups work with the agency to identify problems facing Americans who are being unfairly treated by financial firms.
Consumer Financial Protection Bureau chief Mick Mulvaney says he may shut down public access to more than a million complaints Americans have made about financial institutions.
The industry is holding its annual conference this week at Trump National Doral Golf Club near Miami. Critics say a Trump appointee is helping the industry by moving to ease regulations.
The measure, which now heads to the House, would roll back federal policies aimed at protecting minority buyers from discriminatory loan terms. The vote could lead to the rollback of other rules.
CFPB Acting Director Mick Mulvaney testified before the Senate on the same day AS another CFPB employee appeared in court to argue that Mulvaney had been unlawfully installed as its chief.
As a Republican congressman, Mick Mulvaney sponsored legislation to abolish the agency. Now that he's running it, he wants Congress to put the independent watchdog on a short leash.