CFPB ratified the majority of its existing regulations to address any potential defect in the constitutional validity of the agency's prior actions.
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Acting Consumer Financial Protection Bureau Director Mick Mulvaney requested no funding from the Board of Governors of the Federal Reserve System for the second quarter of 2018.
The Office of the Comptroller of the Currency will not petition the Financial Stability Oversight Council to delay the effective date of the Consumer Financial Protection Bureau arbitration rule.
The Democratic staff of the House Financial Services Committee, citing Republican efforts to repeal the Consumer Financial Protection Bureau arbitration rule, criticized efforts to "functionally terminate" the agency.
House and Senate Republicans introduced resolutions to nullify the final arbitration rule adopted by the Consumer Financial Protection Bureau.