Fed OIG report outlines Trump administration efforts to scale back CFPB
The CFPB was temporarily unable to perform some of its statutory duties because of Trump administration stop-work orders, according to a new report by the Federal Reserve Office of Inspector General. The office also concluded that the administration's attempts to reduce the…
The CFPB was temporarily unable to perform some of its statutory duties because of Trump administration stop-work orders, according to a new report by the Federal Reserve Office of Inspector General. The office also concluded that the administration's attempts to reduce the…
BELLINGS Intelligence Score: 55
Why it matters
The Fed OIG report revealing Trump administration efforts to impede the CFPB represents a significant regulatory and structural event with implications for regulatory independence and enforcement, relevant to credit-market professionals assessing regulatory risk and agency effectiveness.
Sources
ABA Banking Journal
Fed OIG report outlines Trump administration efforts to scale back CFPB
The CFPB was temporarily unable to perform some of its statutory duties because of Trump administration stop-work orders, according to a new report by the Federal Reserve Office of Inspector General. The office also concluded that the administration's attempts to reduce the…