Acting White House Chief of Staff Mick Mulvaney is no longer in charge of the CFPB, though one publication notes his policy of reducing fines while at the CFPB "came to be known as the 'Mulvaney discount'" and is apparently still in play.(Photo: Shutterstock)
The Trump appointee leading the Consumer Financial Protection Bureau, Kathy Kraninger, has overseen the fine of Mark Corbett after it was determined that he sold veterans deceptive, high-interest loans. He was fined $1.
The Center for Responsible Lending, reporting on the fine, pointed out that the CFPB said in late 2018 that lenders to military personnel would no longer be monitored for compliance with the Military Lending Act, meant to protect veterans and soldiers from predatory lending practices.
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