There's a new CFPB Director in town!

 

  • Mick Mulvaney is being appointed interim director of the CFPB 
  • He is known as someone who despise the CFPB, so it is expected that there will be a little less regulation now that he is director
  • Whatever the end result is with the CFPB, there has to be some kind of balance that agencies and consumers can find
  • Extreme regulation doesn't work, and neither does extreme looseness 

Want to learn more about what's going on with the CFPB? Check out this article from the ACA news on how a proposed changes to the debt collection industry from the CFPB.

This is big news for the industry and we would love to hear your thoughts. Leave a comment below.

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