New York launches its own CFPB Mortgage Fraud Department

 

Following through on a pledge made more than a year ago, the New York Department of Financial Services is launching its own version of the Consumer Financial Protection Bureau, seeking to fill the consumer protection gaps that are beginning to appear as the Trump administration puts more of its stamp on the CFPB.

Back in January 2018, Mick Mulvaney, then the acting director of the CFPB, told the bureau’s employees that the agency would be much gentler towards the companies it regulates under his watch.

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