Christopher G. Mufarrige ran a Buy Here Pay Here used car lot in Texas before joining CFPB and working on payday lending regulations.
CFPB
Posted inCoronavirus
Unsanitized: Richard Cordray on the Imminent Financial Scam Crisis
Also, how the Fed can fix the small business lending program. This is The COVID-19 Daily Report for April 8, 2020.
Posted inMoney, Politics, and Power
Useless Wells Fargo Settlement Shows the Rule of Law Ended Long Ago
A bipartisan tradition of no prosecutions and weak fines against big banks continues.
Posted inMoney, Politics, and Power
How to Buy a Regulation in Six Short Months
A payday lending CEO appears to have reversed the Consumer Financial Protection Bureau on a critical rule.
Posted inLaw and Justice
Great News: The Supreme Court Might Attack the CFPB
It sounds bad, but it would likely enable a Democratic president to get rid of an unqualified, anti-regulatory Consumer Financial Protection director immediately.
Posted inPolitics
Joe Biden’s Mysterious Claim That He Whipped Votes for the CFPB
Biden told Elizabeth Warren that he ‘got votes’ for her consumer agency creation. No one can remember the specifics.
Posted inDay One Agenda
Overhaul the Business of Wall Street
Remaking the financial system does not require any new laws.
Posted inEconomic Policy
CFPB Summoning Zombie Debt Back to Life
The consumer agency is finalizing new rules on debt collectors that would enable them to get judgments on illegitimate debts.
Posted inEducation in America
As Consumer Protections Dwindle, Schools Push Financial Literacy
Teaching students how to manage their money has become mandatory in many K-12 classrooms. But can it substitute for real enforcement of financial fraud?
Posted inMoney, Politics, and Power
Can Democrats Stop McConnell and Trump’s Quiet Regulatory Takeover?
Republicans have stymied the filling of Democratic seats in independent agencies. There doesn’t appear to be any plan to confront this.
