Government Relations Policy Updates

Deputy Director English Stepping Down from CFPB

Posted July 9, 2018

On July 6, 2018 the Consumer Financial Protection Bureau’s Deputy Director, Leandra English, announced that she would be stepping down from her position at the bureau as well as ending her lawsuit challenging Mick Mulvaney's leadership as Acting Director.

Rep. McHenry Urges Treasury to Intervene Against Postal Banking

Posted June 29, 2018

On June 27, 2018, Rep. Patrick McHenry (R-N.C.), Vice Chairman of the House Financial Services Committee, sent a letter to Treasury Secretary Steven Mnuchin requesting that the agency’s special task force on postal reform include a recommendation in its upcoming review of the U.S. Postal Service to prohibit the USPS from piloting or expanding any nonpostal banking services.

CFPB Exploring Sandbox

Posted June 5, 2018

The Consumer Financial Protection Bureau is actively working on launching a regulatory “sandbox” for the financial services industry.