Mulvaney Proposes Congressional Oversight of Consumer Financial Protection Bureau

President Trump’s acting head of a federal consumer bureau proposed Monday to bring congressional oversight to the Obama-era agency that’s often criticized for its far-reaching regulating of the lending industry. Mick Mulvaney, installed by Mr. Trump late last year to run the Consumer Financial Protection Bureau, said the agency should receive its funding from Congress and should obtain lawmakers’ approval before imposing major rules on businesses.

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