Author: Chris Arnold

Trump Administration To Defang Consumer Protection Watchdog

NPR Enlarge this image Director of the Office of Management and Budget Mick Mulvaney is also the interim director of the CFPB. Carolyn Kaster/AP hide caption toggle caption Carolyn Kaster/AP The Consumer Financial Protection Bureau was created after the financial crisis to protect Americans from being ripped off by financial firms. Now, President Trump’s interim appointee to run the bureau Mick Mulvaney is making radical changes to deter the agency from aggressively pursuing its mission. An internal memo obtained by NPR says the CFPB will on Monday unveil a new strategic plan to that end. A “revised mission and...

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How The House Tax Overhaul Bill Could Hurt Affordable Housing

NPR Enlarge this image President Trump speaks about tax overhaul in the Grand Foyer of the White House on Wednesday. Republican lawmakers say they’ve reached a deal on their tax bill, but they haven’t released details yet. Alex Brandon/AP hide caption toggle caption Alex Brandon/AP With lawmakers in the House and Senate announcing that they’ve reached a deal, affordable housing advocates are anxiously waiting to see which version of the bill wins out with regard to housing. They say the House bill has a poison pill in it. “The effect would be devastating,” says Diane Yentel, president of the...

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Senator To Ex-CEO: Equifax Can’t Be Trusted With Americans’ Personal Data

NPR Enlarge this image Former Equifax CEO Richard Smith came under harsh questioning Wednesday at a hearing of the Senate Banking Committee, the second of three congressional hearings on Equifax being held this week. Mark Wilson/Getty Images hide caption toggle caption Mark Wilson/Getty Images Richard Smith, Equifax’s former CEO who stepped down just last week, faced a roomful of angry senators and some tough questions at a hearing Wednesday. It was the second of three congressional hearings he is testifying in front of this week. Republicans and Democrats alike are upset about the massive hack of Social Security numbers...

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