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Mick Mulvaney, acting director of the CFPB. Photographer: Zach Gibson/Bloomberg

Even though he disbanded three advisory boards earlier this year, Acting CFPB Director Mick Mulvaney told the reconstituted panels Thursday that the agency intends to rely on them for vital input on how to better regulate financial institutions.

“We are going to do a much better job of regulating if we understand the real world,” Mulvaney told the newly appointed panels at their first meeting.

David Baumann


Credit Union Times

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