By Joseph Tilton – On
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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