Bloomberg Law
Nov. 29, 2017, 7:33 PM UTC

CFPB Battle Won’t Stop Bipartisan Banking Bill, Democrats Say

Lydia Beyoud
Lydia Beyoud
Fintech & Regtech Reporter

The political battle over the Consumer Financial Protection Bureau is unlikely to derail bipartisan legislation to relax Dodd-Frank Act rules for community lenders and regional banks, several Democratic co-sponsors said Nov. 28.

“People’s emotions run very high when you mention the CFPB, and that was one of the reasons why we kept it out of the bill,” Mark Warner (D-Va.) told Bloomberg Law at the RegTech Enable conference in Washington.

Mick Mulvaney, the Trump administration’s choice to be acting director of the CFPB, has ordered employees to ignore orders from Deputy Director Leandra English. English, who was appointed by outgoing ...

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